Richardson Financial Services Inc. Acquires Shares of 3,395 Dominion Energy, Inc. (NYSE:D)

Richardson Financial Services Inc. acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,395 shares of the utilities provider’s stock, valued at approximately $160,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after buying an additional 259,978 shares during the last quarter. Morgan Stanley raised its stake in shares of Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after purchasing an additional 157,175 shares during the last quarter. Diversified Trust Co raised its stake in shares of Dominion Energy by 97.3% in the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after purchasing an additional 7,071 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Dominion Energy in the fourth quarter worth $263,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Mizuho boosted their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets lifted their price objective on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 6th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.73.

Dominion Energy Price Performance

Shares of NYSE:D traded down $0.26 during mid-day trading on Friday, reaching $50.43. The stock had a trading volume of 2,163,942 shares, compared to its average volume of 3,968,808. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market cap of $42.24 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.35 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The business’s 50 day moving average price is $51.48 and its 200 day moving average price is $48.57.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.29%. Dominion Energy’s dividend payout ratio (DPR) 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.