CoreCap Advisors LLC Invests $438,000 in Dominion Energy, Inc. (NYSE:D)

CoreCap Advisors LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,940 shares of the utilities provider’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of D. Caprock Group LLC raised its stake in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 49,740 shares in the last quarter. Wedmont Private Capital increased its stake in Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 596 shares during the period. Vinva Investment Management Ltd raised its position in Dominion Energy by 27.0% in the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Dominion Energy during the first quarter worth about $708,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.7 %

Shares of NYSE D opened at $58.16 on Friday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.18. The firm’s 50-day simple moving average is $54.47 and its 200 day simple moving average is $51.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $48.79 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is 137.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on D shares. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.11.

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.