Jacobi Capital Management LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Jacobi Capital Management LLC raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,528 shares of the utilities provider’s stock after buying an additional 538 shares during the period. Jacobi Capital Management LLC’s holdings in Dominion Energy were worth $715,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Criterion Capital Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Dominion Energy in the first quarter worth $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $30,000. Venturi Wealth Management LLC lifted its stake in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares in the last quarter. Finally, Albion Financial Group UT boosted its holdings in Dominion Energy by 300.0% in the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after buying an additional 600 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several research analyst reports. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets lowered their price target on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Wells Fargo & Company increased their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Finally, Mizuho upped their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.64.

Dominion Energy Price Performance

D traded up $0.40 during trading hours on Monday, hitting $51.81. The company’s stock had a trading volume of 2,509,075 shares, compared to its average volume of 4,698,068. The stock has a market cap of $43.40 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.38 and a beta of 0.58. The business’s 50-day moving average price is $51.28 and its 200-day moving average price is $49.02. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $54.74.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. Sell-side analysts expect 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. 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 5.15%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 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.