Graham Capital Wealth Management LLC Has $2.64 Million Stock Position in Dominion Energy Inc. (NYSE:D)

Graham Capital Wealth Management LLC lowered its stake in Dominion Energy Inc. (NYSE:D) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,053 shares of the utilities provider’s stock after selling 501 shares during the quarter. Dominion Energy makes up approximately 3.0% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Graham Capital Wealth Management LLC’s holdings in Dominion Energy were worth $2,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Dominion Energy in the first quarter valued at approximately $28,000. Finally, Navigoe LLC bought a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $58.80 on Monday. The stock has a market capitalization of $50.14 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56. The company’s 50-day moving average is $56.47 and its 200-day moving average is $55.21. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.54%. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 15th. Morgan Stanley lowered their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $58.88.

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.