Graver Capital Management LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Graver Capital Management LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,000 shares of the utilities provider’s stock, valued at approximately $431,000. Dominion Energy makes up approximately 0.5% of Graver Capital Management LLC’s portfolio, making the stock its 18th biggest position.

Several other hedge funds have also recently bought and sold shares of D. Barclays PLC increased its stake in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dominion Energy by 4.6% in the third quarter. Principal Financial Group Inc. now owns 951,763 shares of the utilities provider’s stock worth $55,002,000 after acquiring an additional 41,746 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Dominion Energy by 7.4% during the fourth quarter. Nordea Investment Management AB now owns 66,831 shares of the utilities provider’s stock valued at $3,596,000 after acquiring an additional 4,609 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. increased its position in Dominion Energy by 40.0% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 7,000 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 2,000 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on D. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley raised their target price 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. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.22.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $55.10 on Friday. The firm has a market capitalization of $46.99 billion, a PE ratio of 20.41, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month 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 business has a 50-day moving average of $53.94 and a two-hundred day moving average of $55.27.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Dominion Energy’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Dominion Energy Company 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.