Burney Co. Has $458,000 Stake in Dominion Energy, Inc. (NYSE:D)

Burney Co. decreased its position in Dominion Energy, Inc. (NYSE:D) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,304 shares of the utilities provider’s stock after selling 1,500 shares during the period. Burney Co.’s holdings in Dominion Energy were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after acquiring an additional 2,801,687 shares in the last quarter. Capital Research Global Investors increased its position in shares of Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after acquiring an additional 2,153,488 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after acquiring an additional 75,600 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.64 during mid-day trading on Friday, reaching $56.08. 5,501,213 shares of the company were exchanged, compared to its average volume of 3,327,657. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.60. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $46.97 billion, a PE ratio of 28.90, a PEG ratio of 1.48 and a beta of 0.58. The company’s 50 day moving average price is $51.24 and its 200 day moving average price is $49.36.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

D has been the subject of a number of recent analyst reports. Evercore ISI upped their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Mizuho upped their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.64.

Dominion Energy 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.