BerganKDV Wealth Management LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 11.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,925 shares of the utilities provider’s stock after buying an additional 2,337 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Dominion Energy were worth $1,863,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC acquired a new position in Dominion Energy in the first quarter valued at approximately $25,000. DeDora Capital Inc. purchased a new stake in Dominion Energy in the first quarter valued at approximately $27,000. West Bancorporation Inc. purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Finally, Rather & Kittrell Inc. purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $31,000. 68.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on D. Morgan Stanley boosted their price objective on Dominion Energy from $78.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. Mizuho cut their price target on Dominion Energy from $87.00 to $81.00 in a research note on Friday, July 15th. UBS Group cut their price target on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Barclays cut their price target on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Finally, KeyCorp upped their price target on Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.17.
Dominion Energy Trading Down 0.4 %
Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.31 billion. Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. On average, research analysts anticipate that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, September 1st. Dominion Energy’s dividend payout ratio is currently 74.58%.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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