Fort Pitt Capital Group LLC Purchases 2,614 Shares of Dominion Energy Inc (NYSE:D)

Fort Pitt Capital Group LLC raised its position in Dominion Energy Inc (NYSE:D) by 27.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,005 shares of the utilities provider’s stock after buying an additional 2,614 shares during the period. Fort Pitt Capital Group LLC’s holdings in Dominion Energy were worth $994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in D. Assetmark Inc. raised its stake in Dominion Energy by 2.5% during the 4th quarter. Assetmark Inc. now owns 4,939 shares of the utilities provider’s stock worth $409,000 after buying an additional 122 shares during the period. Meridian Financial Partners LLC raised its stake in Dominion Energy by 1.7% during the 4th quarter. Meridian Financial Partners LLC now owns 7,438 shares of the utilities provider’s stock worth $608,000 after buying an additional 126 shares during the period. Strategic Wealth Advisors Group LLC raised its stake in Dominion Energy by 0.6% during the 4th quarter. Strategic Wealth Advisors Group LLC now owns 23,202 shares of the utilities provider’s stock worth $1,919,000 after buying an additional 135 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in Dominion Energy by 2.1% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 6,751 shares of the utilities provider’s stock worth $559,000 after buying an additional 136 shares during the period. Finally, Capital City Trust Co. FL raised its stake in Dominion Energy by 5.1% during the 4th quarter. Capital City Trust Co. FL now owns 2,980 shares of the utilities provider’s stock worth $247,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Shares of NYSE D traded up $2.72 during mid-day trading on Wednesday, hitting $68.39. The company had a trading volume of 1,914,181 shares, compared to its average volume of 6,067,521. The company has a market capitalization of $49.77 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.90 and a beta of 0.34. The firm has a 50-day simple moving average of $82.34 and a two-hundred day simple moving average of $81.86. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.07. Dominion Energy Inc has a one year low of $57.79 and a one year high of $90.89.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Dominion Energy had a return on equity of 12.05% and a net margin of 8.74%. Dominion Energy’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Sell-side analysts expect that Dominion Energy Inc will post 4.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.94 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $3.76 annualized dividend and a dividend yield of 5.50%. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.

D has been the topic of several research analyst reports. Credit Suisse Group raised their price objective on Dominion Energy from $85.00 to $90.00 and gave the stock an “average” rating in a research note on Tuesday, February 18th. BMO Capital Markets initiated coverage on Dominion Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $91.00 price target on the stock. Citigroup lifted their price target on Dominion Energy from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Evercore ISI initiated coverage on Dominion Energy in a research note on Friday, February 14th. They issued a “hold” rating and a $88.00 price target on the stock. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $79.00 price target on shares of Dominion Energy in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.50.

Dominion Energy Company Profile

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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