One Capital Management LLC raised its position in Dominion Energy Inc. (NYSE:D – Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,439 shares of the utilities provider’s stock after acquiring an additional 14,653 shares during the quarter. One Capital Management LLC’s holdings in Dominion Energy were worth $12,037,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of D. Triumph Capital Management purchased a new position in shares of Dominion Energy in the third quarter valued at about $28,000. Blueline Advisors LLC purchased a new position in shares of Dominion Energy in the fourth quarter valued at about $28,000. United Community Bank purchased a new position in shares of Dominion Energy in the third quarter valued at about $29,000. Costello Asset Management INC increased its position in shares of Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, JPL Wealth Management LLC purchased a new position in shares of Dominion Energy in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Trading Down 3.6%
NYSE:D opened at $64.56 on Tuesday. Dominion Energy Inc. has a one year low of $53.36 and a one year high of $68.97. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The company’s 50-day simple moving average is $63.35 and its 200 day simple moving average is $61.93. The firm has a market capitalization of $56.78 billion, a P/E ratio of 19.10 and a beta of 0.65.
Dominion Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.1%. Dominion Energy’s payout ratio is presently 78.99%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on D shares. Truist Financial reduced their price target on shares of Dominion Energy from $67.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Morgan Stanley reduced their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Bank of America boosted their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Scotiabank boosted their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.69.
View Our Latest Stock Analysis on Dominion Energy
About Dominion Energy
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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