Wsfs Capital Management LLC Invests $229,000 in Dominion Energy Inc. (NYSE:D)

Wsfs Capital Management LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 2,957 shares of the utilities provider’s stock, valued at approximately $229,000.

Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its stake in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp raised its stake in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares in the last quarter. Clean Yield Group bought a new stake in Dominion Energy during the first quarter worth $117,000. Bollard Group LLC raised its stake in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock worth $118,000 after buying an additional 13 shares in the last quarter. Finally, Advantage Investment Management LLC raised its stake in Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.1988% during trading on Tuesday, hitting $77.8344. The stock had a trading volume of 301,960 shares. The stock’s 50 day moving average price is $77.05 and its 200-day moving average price is $77.26. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The stock has a market cap of $50.02 billion, a P/E ratio of 22.5280 and a beta of 0.28.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.89%. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.

D has been the subject of a number of analyst reports. Barclays PLC restated an “overweight” rating and set a $89.00 target price (up previously from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley lowered their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average target price of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.