Azimuth Capital Management LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 14,497 shares of the utilities provider’s stock after buying an additional 611 shares during the period. Azimuth Capital Management LLC’s holdings in Dominion Energy were worth $1,125,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Hudock Capital Group LLC boosted its position in shares of Dominion Energy by 0.3% in the first quarter. Hudock Capital Group LLC now owns 2,146 shares of the utilities provider’s stock valued at $166,000 after buying an additional 6 shares in the last quarter. Bollard Group LLC increased its position in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the last quarter. Adirondack Trust Co. increased its position in Dominion Energy by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,473 shares of the utilities provider’s stock valued at $269,000 after buying an additional 20 shares during the last quarter. Finally, Gamble Jones Investment Counsel increased its position in Dominion Energy by 0.6% in the first quarter. Gamble Jones Investment Counsel now owns 3,598 shares of the utilities provider’s stock valued at $279,000 after buying an additional 21 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Inc. (NYSE:D) traded up 0.73% during midday trading on Friday, reaching $78.69. The company’s stock had a trading volume of 2,303,023 shares. The firm has a 50-day moving average price of $77.11 and a 200 day moving average price of $77.32. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. Equities research analysts predict that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.84%. Dominion Energy’s dividend payout ratio is 87.28%.
A number of equities research analysts have recently commented on D shares. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 price objective (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Morgan Stanley lowered their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Finally, BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.57.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.