MGO One Seven LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,306 shares of the utilities provider’s stock after selling 394 shares during the quarter. MGO One Seven LLC’s holdings in Dominion Energy were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of D. Sei Investments Co. boosted its position in shares of Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock valued at $14,325,000 after buying an additional 12,002 shares during the last quarter. Prudential PLC purchased a new position in shares of Dominion Energy during the first quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC boosted its position in shares of Dominion Energy by 30.0% during the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock valued at $611,000 after buying an additional 1,661 shares during the last quarter. Covestor Ltd boosted its position in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Dominion Energy during the first quarter valued at approximately $419,000. Institutional investors own 70.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. BMO Capital Markets cut their price objective on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, February 27th. StockNews.com assumed coverage on Dominion Energy in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Mizuho cut their price objective on Dominion Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. Wells Fargo & Company boosted their price objective on Dominion Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, January 30th. Finally, UBS Group cut their price objective on Dominion Energy from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $66.08.
Dominion Energy Stock Performance
Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 5.79% and a return on equity of 13.35%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.93 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.60%. Dominion Energy’s dividend payout ratio (DPR) is 244.95%.
About Dominion Energy
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.
Read More
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