Fruth Investment Management Has $377,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Fruth Investment Management reduced its stake in Dominion Energy, Inc. (NYSE:D) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,675 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Fruth Investment Management’s holdings in Dominion Energy were worth $377,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares in the last quarter. Capital Research Global Investors raised its position in shares of Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after buying an additional 10,370,768 shares in the last quarter. Norges Bank bought a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $329,792,000. ClearBridge Investments Ltd acquired a new stake in Dominion Energy during the fourth quarter worth approximately $214,220,000. Finally, JPMorgan Chase & Co. increased its stake in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after acquiring an additional 1,928,823 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent analyst reports. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets upped their price objective on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Stock Performance

Shares of NYSE D traded up $0.67 during mid-day trading on Thursday, reaching $49.21. 2,091,856 shares of the company’s stock were exchanged, compared to its average volume of 3,751,427. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74. The firm has a 50-day moving average price of $51.50 and a two-hundred day moving average price of $48.73. 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 firm has a market capitalization of $41.22 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.30 and a beta of 0.58.

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

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

About Dominion Energy

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.