CoreCap Advisors LLC Buys 1,430 Shares of Dominion Energy, Inc. (NYSE:D)

CoreCap Advisors LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 12.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,587 shares of the utilities provider’s stock after acquiring an additional 1,430 shares during the quarter. CoreCap Advisors LLC’s holdings in Dominion Energy were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Dominion Energy in the fourth quarter worth $473,354,000. American Century Companies Inc. lifted its position in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Marshall Wace LLP grew its holdings in Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Dominion Energy by 16.7% during the fourth quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider’s stock worth $501,759,000 after purchasing an additional 1,330,459 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.2 %

Dominion Energy stock opened at $55.10 on Friday. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. The company’s 50 day simple moving average is $53.94 and its 200 day simple moving average is $55.27.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. Dominion Energy’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $58.22.

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.