Strategic Planning Group LLC Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

Strategic Planning Group LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 20.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,322 shares of the utilities provider’s stock after purchasing an additional 4,424 shares during the period. Strategic Planning Group LLC’s holdings in Dominion Energy were worth $1,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares during the period. Capital Research Global Investors lifted its stake in shares of Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after buying an additional 10,370,768 shares during the period. Norges Bank purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $329,792,000. ClearBridge Investments Ltd purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $214,220,000. Finally, JPMorgan Chase & Co. raised its stake in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Evercore ISI increased their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price target on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Scotiabank cut their price target on shares of 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Trading Down 0.1 %

Dominion Energy stock opened at $49.87 on Tuesday. The firm’s 50-day moving average is $51.57 and its 200-day moving average is $48.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The company has a market cap of $41.77 billion, a P/E ratio of 25.72, a PEG ratio of 1.32 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.35%. Dominion Energy’s dividend payout ratio is presently 137.63%.

About Dominion Energy

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.