Dominion Energy, Inc. (NYSE:D) Holdings Raised by Godsey & Gibb Inc.

Godsey & Gibb Inc. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.5% in the 1st quarter, HoldingsChannel reports. The firm owned 381,674 shares of the utilities provider’s stock after acquiring an additional 12,853 shares during the quarter. Dominion Energy makes up about 2.1% of Godsey & Gibb Inc.’s portfolio, making the stock its 23rd biggest position. Godsey & Gibb Inc.’s holdings in Dominion Energy were worth $21,400,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Dominion Energy by 4.5% during 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 buying an additional 1,222,688 shares during the period. Brighton Jones LLC raised its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares during the period. abrdn plc raised its position in Dominion Energy by 11.7% during the fourth quarter. abrdn plc now owns 400,876 shares of the utilities provider’s stock valued at $21,401,000 after buying an additional 41,976 shares during the period. Mather Group LLC. raised its position in Dominion Energy by 13.4% during the fourth quarter. Mather Group LLC. now owns 4,891 shares of the utilities provider’s stock valued at $263,000 after buying an additional 579 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Dominion Energy by 19.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,128 shares of the utilities provider’s stock valued at $4,854,000 after buying an additional 14,692 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on D shares. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Finally, Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.63.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.81 on Friday. 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 company has a market capitalization of $47.59 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The business has a 50 day simple moving average of $54.45 and a 200 day simple moving average of $54.94.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy’s dividend payout ratio is 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.