Coastal Investment Advisors Inc. increase its stake in Dominion Energy, Inc. (NYSE: D – Get Rating) by 5.3% in the first quarter, according to HoldingsChannel.com. The institutional investor owned 5,701 shares of the utility provider’s shares after acquiring an additional 288 shares during the period. The holdings of Coastal Investment Advisors Inc. at Dominion Energy are worth $ 484,000 since its last submission to the Securities and Exchange Commission.
Other institutional investors and hedge funds also added or reduced their stakes in the company. The California teacher retirement system increased its position in shares of Dominion Energy by 1.2% in the fourth quarter. The California Teachers Retirement System already owns 1,414,673 shares of the utility provider’s shares worth $ 111,137,000 after buying an additional 17,180 shares in the last quarter. OLD National Bancorp IN increased its stake in Dominion Energy by 10.7% in the 4th quarter. OLD National Bancorp IN already owns 57,375 shares of the utility provider’s shares worth $ 4,507,000 after buying an additional 5,537 shares in the last quarter. Bfsg LLC acquired a new stake in Dominion Energy in the 4th quarter worth approximately $ 1,591,000. Avantax Advisory Services Inc. increased its stake in Dominion Energy by 12.2% in the 4th quarter. Avantax Advisory Services Inc. already owns 69,239 shares of the utility provider’s shares worth $ 5,440,000 after buying an additional 7,531 shares in the last quarter. Finally, Fieldpoint Private Securities LLC increased its stake in Dominion Energy by 29.0% in the first quarter. Fieldpoint Private Securities LLC already owns 4,024 shares of the utility provider’s shares worth $ 342,000 after purchasing an additional 905 shares in the last quarter. 68.39% of the shares are owned by institutional investors.
Shares of the NYSE D opened at $ 78.14 on Friday. The shares have a market capitalization of $ 63.39 billion, a PE ratio of 21.83, a P / E / G ratio of 2.98 and a beta ratio of 0.41. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a fast ratio of 0.65. The business has a fifty-day moving average price of $ 81.83 and a two-day moving average price of $ 80.98. Dominion Energy, Inc. has a fifty-two weekly low of $ 70.37 and a fifty-two week high of $ 88.78.
Dominion Energy (NYSE: D – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The utility provider reported $ 1.18 earnings per share (EPS) for the quarter, with a consensus estimate of $ 1.19 ($ 0.01) missing. Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The business had revenue of $ 4.28 billion in the quarter, compared to the consensus estimate of $ 4.31 billion. In the same quarter of the previous year, the business reported $ 1.09 EPS. The company’s revenue for the quarter increased by 10.6% on an annual basis. On average, stock analysts expect Dominion Energy, Inc. will report 4.11 EPS for the current year.
The company also recently announced a three-month dividend, which was paid on Monday, June 20th. The record shareholders on Friday, June 3, received a dividend of $ 0.6675. The date of the former dividend of this dividend was Thursday, June 2. This represents a $ 2.67 annual dividend and a dividend yield of 3.42%. Dominion Energy’s payout ratio is 74.58%.
D has been the subject of several research reports. StockNews.com began covering Dominion Energy in a report on Thursday, March 31st. They set a “retention” rating for the company. KeyCorp raised its target price for Dominion Energy from $ 90.00 to $ 92.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20. Finally, Morgan Stanley lowered its Dominion Energy price target from $ 91.00 to $ 87.00 and set an “equal weight” rating for the company in a report on Monday, May 23. One investment analyst rated the shares with a rating for sale, four assigned a rating for retention and three gave a rating for the purchase of the company’s shares. According to MarketBeat, the company has an average Hold rating and a consensus target price of $ 85.71.
Dominion Energy Profile (Get a rating)
Dominion Energy, Inc. manufactures and distributes energy. The company operates in four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina and Contracted Assets. The Dominion Energy Virginia segment generates, transmits and distributes regulated electricity to residential, commercial, industrial and government customers in Virginia and North Carolina.
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