Dominion Energy, Inc. (NYSE:D) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 79.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,369 shares of the utilities provider’s stock after purchasing an additional 9,007 shares during the period. Ieq Capital LLC’s holdings in Dominion Energy were worth $1,408,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Curi Wealth Management LLC boosted its position in Dominion Energy by 1,755.0% during the 2nd quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 351 shares during the period. Syverson Strege & Co purchased a new stake in Dominion Energy during the 2nd quarter worth $33,000. Covestor Ltd lifted its holdings in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Hallmark Capital Management Inc. acquired a new position in Dominion Energy in the 2nd quarter worth $40,000. Finally, Logan Capital Management Inc. lifted its holdings in Dominion Energy by 31.9% in the 2nd quarter. Logan Capital Management Inc. now owns 563 shares of the utilities provider’s stock worth $45,000 after buying an additional 136 shares in the last quarter. 70.30% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D opened at $62.48 on Wednesday. The company’s fifty day moving average is $60.77 and its two-hundred day moving average is $70.33. The firm has a market capitalization of $52.06 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.66 and a beta of 0.40. Dominion Energy, Inc. has a 52-week low of $57.18 and a 52-week high of $88.78. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.57.

Dominion Energy (NYSE:DGet Rating) last released its quarterly earnings data on Friday, November 4th. The utilities provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $3.98 billion. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 4.1 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, December 1st. Dominion Energy’s payout ratio is presently 95.70%.

Analyst Ratings Changes

A number of equities analysts have commented on D shares. Wells Fargo & Company lowered shares of Dominion Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $73.00 to $64.00 in a report on Wednesday, December 7th. Mizuho cut their price objective on shares of Dominion Energy from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, October 6th. assumed coverage on shares of Dominion Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group cut their target price on shares of Dominion Energy from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets upped their target price on shares of Dominion Energy from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $72.00.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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