CIBC Private Wealth Group LLC raised its holdings in Dominion Energy Inc (NYSE:D) by 17.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,354 shares of the utilities provider’s stock after acquiring an additional 3,550 shares during the period. CIBC Private Wealth Group LLC’s holdings in Dominion Energy were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Nalls Sherbakoff Group LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $26,000. Interactive Financial Advisors acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $27,000. Finally, Mark Sheptoff Financial Planning LLC grew its position in shares of Dominion Energy by 133.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. 63.80% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. TheStreet downgraded Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Credit Suisse Group set a $77.00 price target on Dominion Energy and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, KeyCorp assumed coverage on Dominion Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $85.85.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy Inc will post 4.19 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were paid a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, June 6th. Dominion Energy’s payout ratio is 90.62%.
About Dominion Energy
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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