Chicago Capital LLC Has $708,000 Stake in Dominion Energy Inc. (NYSE:D)

Chicago Capital LLC lifted its position in Dominion Energy Inc. (NYSE:D) by 215.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,629 shares of the utilities provider’s stock after buying an additional 8,630 shares during the quarter. Chicago Capital LLC’s holdings in Dominion Energy were worth $708,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in D. Cadence Bank raised its stake in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after buying an additional 189 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after acquiring an additional 193 shares during the period. Choate Investment Advisors raised its position in shares of Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 198 shares during the last quarter. Centre Asset Management LLC lifted its stake in shares of Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 198 shares during the period. Finally, Eagle Strategies LLC boosted its position in shares of Dominion Energy by 6.0% in the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of several analyst reports. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley lowered their target price on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.63.

Dominion Energy Stock Down 1.6%

Shares of D stock opened at $53.84 on Wednesday. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.19 and a beta of 0.56. Dominion Energy Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm has a fifty day moving average of $54.83 and a 200-day moving average of $54.75. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.96%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

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.