SPC Financial Inc. Has $506,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

SPC Financial Inc. lowered its stake in Dominion Energy, Inc. (NYSE:D) by 3.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,294 shares of the utilities provider’s stock after selling 354 shares during the period. SPC Financial Inc.’s holdings in Dominion Energy were worth $506,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of D. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after acquiring an additional 14,105,237 shares during the period. Capital Research Global Investors increased its position in shares of 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 buying an additional 10,370,768 shares during the period. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter worth $329,792,000. ClearBridge Investments Ltd acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $214,220,000. Finally, Balyasny Asset Management L.P. increased its holdings in Dominion Energy by 18,078.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,198,507 shares of the utilities provider’s stock worth $56,330,000 after purchasing an additional 1,191,914 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of a number of recent research reports. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Scotiabank reduced their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.64.

Dominion Energy Trading Up 0.0 %

D opened at $51.65 on Friday. Dominion Energy, Inc. has a one year low of $39.18 and a one 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 business has a 50 day simple moving average of $51.35 and a two-hundred day simple moving average of $48.82. The firm has a market capitalization of $43.26 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.33 and a beta of 0.58.

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

Dominion Energy Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is presently 137.63%.

About Dominion Energy

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.