Midwest Professional Planners LTD. Acquires New Position in Dominion Energy, Inc. (NYSE:D)

Midwest Professional Planners LTD. acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,599 shares of the utilities provider’s stock, valued at approximately $265,000.

Other large investors have also recently made changes to their positions in the company. Smith Asset Management Group LP purchased a new position in Dominion Energy in the second quarter valued at about $29,000. Laurel Wealth Planning LLC purchased a new position in Dominion Energy in the second quarter valued at about $29,000. Certified Advisory Corp purchased a new position in Dominion Energy in the first quarter valued at about $31,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Dominion Energy by 83.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 440 shares of the utilities provider’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Finally, KB Financial Partners LLC purchased a new position in Dominion Energy in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 66.10% of the company’s stock.

D has been the subject of a number of recent research reports. KeyCorp raised their price objective on shares of Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 20th. TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, August 6th. Scotiabank raised shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $88.00 to $92.00 in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Mizuho dropped their price objective on shares of Dominion Energy from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, July 13th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Tuesday, August 31st. They set an “equal weight” rating and a $82.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $84.09.

Shares of NYSE:D traded down $0.13 during midday trading on Wednesday, hitting $76.02. 5,834 shares of the company’s stock traded hands, compared to its average volume of 3,532,104. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market cap of $61.46 billion, a PE ratio of 27.29, a P/E/G ratio of 2.98 and a beta of 0.35. The firm’s fifty day moving average price is $76.86 and its two-hundred day moving average price is $76.31. Dominion Energy, Inc. has a twelve month low of $67.85 and a twelve month high of $86.95.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 5th. The utilities provider reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.48 billion. Dominion Energy had a net margin of 16.61% and a return on equity of 12.47%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 20th. Investors of record on Friday, September 3rd will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.31%. The ex-dividend date is Thursday, September 2nd. Dominion Energy’s dividend payout ratio (DPR) is 71.19%.

Dominion Energy Company Profile

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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