Executive Wealth Management LLC increased its position in Dominion Energy Inc (NYSE:D) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,815 shares of the utilities provider’s stock after buying an additional 5,244 shares during the period. Executive Wealth Management LLC’s holdings in Dominion Energy were worth $3,852,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Interactive Financial Advisors bought a new position in shares of Dominion Energy during the first quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC bought a new position in shares of Dominion Energy during the first quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Dominion Energy by 133.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Manchester Financial Inc. bought a new position in shares of Dominion Energy during the second quarter valued at approximately $27,000. Finally, NuWave Investment Management LLC grew its stake in shares of Dominion Energy by 651.0% during the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after buying an additional 319 shares during the last quarter. Institutional investors own 63.99% of the company’s stock.
D has been the topic of a number of analyst reports. TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Morgan Stanley initiated coverage on Dominion Energy in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $81.00 target price on the stock. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Finally, Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $79.08.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Dominion Energy’s revenue was up 28.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy Inc will post 4.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $0.9175 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.67 annualized dividend and a yield of 4.87%. Dominion Energy’s dividend payout ratio (DPR) is currently 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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