Kingfisher Capital LLC Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Posted by Defense World Staff on Mar 27th, 2023

Kingfisher Capital LLC reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,048 shares of the utilities provider’s stock after selling 199 shares during the quarter. Kingfisher Capital LLC’s holdings in Dominion Energy were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Hexagon Capital Partners LLC boosted its stake in shares of Dominion Energy by 434.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 769 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 625 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Dominion Energy during the 3rd quarter worth $303,000. Mirova acquired a new stake in shares of Dominion Energy during the second quarter worth $89,000. Mutual Advisors LLC grew its position in shares of Dominion Energy by 182.0% in the fourth quarter. Mutual Advisors LLC now owns 25,324 shares of the utilities provider’s stock valued at $1,553,000 after purchasing an additional 16,343 shares during the period. Finally, Thomasville National Bank increased its stake in Dominion Energy by 2.0% in the third quarter. Thomasville National Bank now owns 187,599 shares of the utilities provider’s stock valued at $12,964,000 after purchasing an additional 3,732 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.

Dominion Energy Stock Up 3.1 %

Shares of NYSE:D opened at $53.83 on Monday. The company has a market capitalization of $44.96 billion, a price-to-earnings ratio of 49.39, a price-to-earnings-growth ratio of 0.91 and a beta of 0.45. The company has a 50 day moving average of $58.25 and a two-hundred day moving average of $63.04. Dominion Energy, Inc. has a 52-week low of $52.03 and a 52-week high of $88.78. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 1.49.

Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Dominion Energy had a net margin of 5.79% and a return on equity of 13.35%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business earned $0.90 EPS. The business’s revenue was up 26.6% on a year-over-year basis. As a group, analysts forecast that Dominion Energy, Inc. will post 3.96 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Thursday, March 2nd. Dominion Energy’s payout ratio is currently 244.95%.

Analysts Set New Price Targets

Several analysts have commented on D shares. JPMorgan Chase & Co. lowered their price target on Dominion Energy from $76.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, January 11th. BMO Capital Markets cut their price target on shares of Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, February 27th. Morgan Stanley lowered their price objective on shares of Dominion Energy from $63.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 21st. Credit Suisse Group cut their target price on Dominion Energy from $67.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 14th. Finally, UBS Group lowered their price target on Dominion Energy from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.08.

Dominion Energy Profile

(Get Rating)

Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.