Modera Wealth Management LLC held its stake in Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,835 shares of the utilities provider’s stock at the end of the first quarter. Modera Wealth Management LLC’s holdings in Dominion Energy were worth $220,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Aldebaran Financial Inc. boosted its stake in Dominion Energy by 10.9% in the fourth quarter. Aldebaran Financial Inc. now owns 14,469 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 1,420 shares during the period. RMB Capital Management LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $2,868,000. Jackson Grant Investment Advisers Inc. raised its position in shares of Dominion Energy by 0.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,155 shares of the utilities provider’s stock valued at $165,000 after buying an additional 20 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of Dominion Energy by 13.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,013 shares of the utilities provider’s stock valued at $535,000 after buying an additional 809 shares in the last quarter. Finally, Whalerock Point Partners LLC raised its position in shares of Dominion Energy by 11.6% in the fourth quarter. Whalerock Point Partners LLC now owns 7,717 shares of the utilities provider’s stock valued at $591,000 after buying an additional 800 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Inc. (NYSE:D) traded up 0.73% during midday trading on Friday, reaching $78.69. 2,303,023 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $77.07 and its 200 day moving average is $77.29. The firm has a market capitalization of $50.57 billion, a P/E ratio of 22.78 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last posted 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. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The company also recently announced 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 payout ratio is currently 87.28%.
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D has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, July 11th. Morgan Stanley decreased their price objective on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy currently has an average rating of “Hold” and a consensus 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.
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