Ballentine Partners LLC Buys 762 Shares of Dominion Energy, Inc. (NYSE:D)

Ballentine Partners LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.8% during the first quarter, HoldingsChannel reports. The firm owned 12,030 shares of the utilities provider’s stock after purchasing an additional 762 shares during the quarter. Ballentine Partners LLC’s holdings in Dominion Energy were worth $592,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC boosted its stake in shares of Dominion Energy by 0.9% during the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares during the period. Lantz Financial LLC boosted its position in shares of Dominion Energy by 4.0% during the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after buying an additional 222 shares during the period. Tyler Stone Wealth Management grew its stake in shares of Dominion Energy by 6.3% during the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock valued at $189,000 after buying an additional 250 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Dominion Energy by 11.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 259 shares during the last quarter. Finally, Seneca House Advisors boosted its holdings in Dominion Energy by 2.5% during the 4th quarter. Seneca House Advisors now owns 11,127 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 270 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.7 %

Shares of NYSE D traded up $0.34 during trading hours on Monday, hitting $49.55. 508,418 shares of the stock were exchanged, compared to its average volume of 4,922,484. The company has a market cap of $41.50 billion, a PE ratio of 25.37, a PEG ratio of 1.33 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $54.74. 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 firm has a fifty day moving average price of $51.53 and a 200-day moving average price of $48.68.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analysts Set New Price Targets

A number of analysts have weighed in on D shares. Scotiabank reduced their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Mizuho upped their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets increased their price objective on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $51.73.

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.