CAPROCK Group Inc. lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,085 shares of the utilities provider’s stock after acquiring an additional 252 shares during the quarter. CAPROCK Group Inc.’s holdings in Dominion Energy were worth $227,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of D. Smith Asset Management Group LP purchased a new stake in Dominion Energy during the second quarter worth about $29,000. Laurel Wealth Planning LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Dominion Energy by 83.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 440 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. KB Financial Partners LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at about $37,000. Finally, Logan Capital Management Inc. purchased a new stake in shares of Dominion Energy in the first quarter valued at about $38,000. Institutional investors and hedge funds own 66.10% of the company’s stock.
Shares of D opened at $73.37 on Thursday. Dominion Energy, Inc. has a one year low of $67.85 and a one year high of $86.95. The company has a 50-day moving average of $76.12 and a two-hundred day moving average of $76.45. The stock has a market cap of $59.32 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.98 and a beta of 0.35. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.59 and a quick ratio of 0.46.
The company also recently declared a quarterly dividend, which was paid on Monday, September 20th. Stockholders of record on Friday, September 3rd were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, September 2nd. Dominion Energy’s dividend payout ratio is 71.19%.
D has been the topic of several recent analyst reports. Mizuho reduced their price objective on shares of Dominion Energy from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 13th. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, August 6th. Scotiabank raised shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $88.00 to $92.00 in a research report on Tuesday, July 6th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on shares of Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, September 17th. Finally, KeyCorp upped their price target on shares of Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $83.90.
Dominion Energy Company Profile
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
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