Dominion Energy, Inc. (NYSE:D) Shares Purchased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,227 shares of the utilities provider’s stock after acquiring an additional 4,550 shares during the period. Chesley Taft & Associates LLC’s holdings in Dominion Energy were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. Operose Advisors LLC grew its holdings in Dominion Energy by 60.3% during the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 311 shares during the period. Mutual Advisors LLC grew its holdings in Dominion Energy by 76.7% in the third quarter. Mutual Advisors LLC now owns 42,058 shares of the utilities provider’s stock valued at $1,879,000 after purchasing an additional 18,251 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Dominion Energy by 15.1% in the third quarter. Valley National Advisers Inc. now owns 2,862 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 375 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Dominion Energy by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 367,420 shares of the utilities provider’s stock valued at $16,413,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Reuter James Wealth Management LLC grew its holdings in Dominion Energy by 9.0% in the third quarter. Reuter James Wealth Management LLC now owns 18,894 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 1,554 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on D shares. Wells Fargo & Company upped their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Evercore ISI upped their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Scotiabank reduced their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Down 0.3 %

Shares of Dominion Energy stock opened at $49.45 on Friday. The business’s fifty day moving average price is $51.63 and its two-hundred day moving average price is $48.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The company has a market capitalization of $41.42 billion, a P/E ratio of 25.59, a PEG ratio of 1.32 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.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

Dominion Energy 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.