Everett Harris & Co. CA Purchases 10,690 Shares of Dominion Energy, Inc. (NYSE:D)

Everett Harris & Co. CA increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 23.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,669 shares of the utilities provider’s stock after acquiring an additional 10,690 shares during the period. Everett Harris & Co. CA’s holdings in Dominion Energy were worth $2,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after acquiring an additional 259,978 shares during the last quarter. Morgan Stanley grew its position in shares of Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after buying an additional 803,341 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after buying an additional 157,175 shares during the last quarter. Diversified Trust Co grew its position in shares of Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after buying an additional 7,071 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of Dominion Energy in the 4th quarter valued at about $263,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on D. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Mizuho upped their price target on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Evercore ISI upped their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Finally, Scotiabank cut their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Stock Up 1.4 %

D stock traded up $0.67 during trading on Thursday, reaching $49.21. 2,091,856 shares of the stock were exchanged, compared to its average volume of 3,751,427. The firm’s 50 day moving average is $51.50 and its 200 day moving average is $48.73. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The firm has a market cap of $41.22 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.30 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.