Choreo LLC Boosts Position in Dominion Energy, Inc. (NYSE:D)

Choreo LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 634.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,867 shares of the utilities provider’s stock after purchasing an additional 32,710 shares during the quarter. Choreo LLC’s holdings in Dominion Energy were worth $1,820,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of D. Jump Financial LLC purchased a new position in Dominion Energy in the fourth quarter valued at approximately $266,000. Dimensional Fund Advisors LP raised its stake in shares of Dominion Energy by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,954,284 shares of the utilities provider’s stock valued at $91,853,000 after purchasing an additional 361,545 shares during the period. Ieq Capital LLC raised its stake in shares of Dominion Energy by 49.9% during the fourth quarter. Ieq Capital LLC now owns 28,653 shares of the utilities provider’s stock valued at $1,347,000 after purchasing an additional 9,542 shares during the period. Quotient Wealth Partners LLC purchased a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $450,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Dominion Energy by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 837,888 shares of the utilities provider’s stock valued at $40,579,000 after purchasing an additional 35,232 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Stock Down 0.8 %

Shares of NYSE:D opened at $57.23 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $54.13 and a 200 day simple moving average of $51.45. The firm has a market cap of $48.01 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.13.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Dominion Energy Company 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.