S.E.E.D. Planning Group LLC Has $8.61 Million Position in Dominion Energy, Inc. (NYSE:D)

S.E.E.D. Planning Group LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 1.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 175,034 shares of the utilities provider’s stock after purchasing an additional 1,959 shares during the quarter. Dominion Energy comprises 3.1% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 12th biggest position. S.E.E.D. Planning Group LLC’s holdings in Dominion Energy were worth $8,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of D. JPMorgan Chase & Co. grew its stake in shares of Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after acquiring an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the last quarter. Capital Research Global Investors raised its holdings in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after acquiring an additional 10,370,768 shares in the last quarter. Federated Hermes Inc. boosted its position in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the last quarter. Finally, Morgan Stanley grew its stake in Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company lifted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets upped their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Evercore ISI boosted their target price on shares of 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 lowered their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Down 1.2 %

Shares of NYSE:D traded down $0.61 during trading on Friday, reaching $49.00. 6,707,023 shares of the stock were exchanged, compared to its average volume of 3,965,151. The stock has a fifty day moving average of $51.64 and a two-hundred day moving average of $48.73. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm has a market cap of $41.04 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. Research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio is currently 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.