Hartford Financial Management Inc. grew its position in Dominion Energy Inc (NYSE:D) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,785 shares of the utilities provider’s stock after acquiring an additional 195 shares during the quarter. Dominion Energy accounts for about 1.1% of Hartford Financial Management Inc.’s holdings, making the stock its 27th largest position. Hartford Financial Management Inc.’s holdings in Dominion Energy were worth $3,308,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Interactive Financial Advisors acquired a new position in shares of Dominion Energy in the 1st quarter worth approximately $26,000. Manchester Financial Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Dominion Energy in the 1st quarter worth approximately $27,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Dominion Energy by 133.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Finally, NuWave Investment Management LLC raised its holdings in shares of Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after buying an additional 319 shares in the last quarter. Institutional investors own 63.99% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Dominion Energy in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $81.00 target price for the company. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $79.00 to $80.00 in a report on Thursday, June 13th. They noted that the move was a valuation call. Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Finally, Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $79.08.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm posted $0.86 EPS. The business’s revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts forecast that Dominion Energy Inc will post 4.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.87%. Dominion Energy’s dividend payout ratio is 90.62%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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