Lederer & Associates Investment Counsel CA raised its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,405 shares of the utilities provider’s stock after purchasing an additional 2,180 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Dominion Energy were worth $694,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Retirement Financial Solutions LLC purchased a new position in Dominion Energy during the fourth quarter valued at $29,000. AXS Investments LLC bought a new position in shares of Dominion Energy in the 4th quarter worth about $30,000. Boyd Watterson Asset Management LLC OH purchased a new position in Dominion Energy during the 4th quarter valued at about $34,000. Covestor Ltd boosted its stake in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares in the last quarter. Finally, Live Oak Investment Partners purchased a new stake in Dominion Energy in the fourth quarter worth about $34,000. 69.58% of the stock is currently owned by institutional investors.
Insider Activity
In other news, COO Diane Leopold sold 6,250 shares of Dominion Energy stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $49.16, for a total transaction of $307,250.00. Following the completion of the sale, the chief operating officer now directly owns 100,115 shares in the company, valued at $4,921,653.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on D. BMO Capital Markets decreased their target price on shares of Dominion Energy from $66.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, February 27th. Guggenheim lowered their price target on Dominion Energy from $69.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, February 28th. Mizuho reduced their price objective on Dominion Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, February 27th. Bank of America dropped their price target on shares of Dominion Energy from $54.00 to $52.00 in a report on Tuesday, May 16th. Finally, 51job reissued a “maintains” rating on shares of Dominion Energy in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $62.55.
Dominion Energy Price Performance
Dominion Energy stock opened at $51.91 on Monday. Dominion Energy, Inc. has a 52-week low of $48.47 and a 52-week high of $86.28. The company has a quick ratio of 0.62, a current ratio of 0.75 and a debt-to-equity ratio of 1.50. The firm’s fifty day moving average is $53.91 and its 200 day moving average is $57.06. The company has a market cap of $43.39 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 0.69 and a beta of 0.44.
Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 7.05%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.75 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Friday, June 2nd were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.67 annualized dividend and a dividend yield of 5.14%. Dominion Energy’s dividend payout ratio (DPR) is presently 186.71%.
Dominion Energy Profile
Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.