Jackson Hole Capital Partners LLC increased its position in Dominion Energy Inc (NYSE:D) by 6.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,982 shares of the utilities provider’s stock after purchasing an additional 887 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Dominion Energy were worth $1,072,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Dominion Energy by 17.3% during the 1st quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock valued at $4,245,862,000 after buying an additional 8,176,020 shares during the period. Vanguard Group Inc boosted its stake in shares of Dominion Energy by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after buying an additional 825,191 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Dominion Energy by 34.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after buying an additional 3,801,740 shares during the period. Northern Trust Corp boosted its stake in shares of Dominion Energy by 15.0% during the 1st quarter. Northern Trust Corp now owns 9,653,170 shares of the utilities provider’s stock valued at $740,011,000 after buying an additional 1,260,549 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after buying an additional 1,697,619 shares during the period. 63.82% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Credit Suisse Group set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research note on Monday, April 22nd. Finally, KeyCorp assumed coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.85.
D stock opened at $76.23 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44. Dominion Energy Inc has a 1 year low of $64.20 and a 1 year high of $78.31. The firm has a market capitalization of $60.24 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. Equities analysts forecast that Dominion Energy Inc will post 4.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a yield of 4.81%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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