Riverhead Capital Management LLC lifted its stake in shares of Dominion Energy Inc (NYSE:D) by 19.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,821 shares of the utilities provider’s stock after buying an additional 2,100 shares during the period. Riverhead Capital Management LLC’s holdings in Dominion Energy were worth $865,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of D. We Are One Seven LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $111,000. American Research & Management Co. lifted its stake in shares of Dominion Energy by 159.7% during the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after buying an additional 875 shares during the period. MHI Funds LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $119,000. KHP Capital LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $137,000. Finally, Macroview Investment Management LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $144,000. Institutional investors and hedge funds own 67.30% of the company’s stock.
D has been the subject of a number of research reports. Bank of America downgraded shares of Dominion Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $69.15 to $79.00 in a research report on Tuesday, March 20th. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, January 30th. JPMorgan Chase decreased their target price on shares of Dominion Energy from $68.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, April 10th. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Finally, UBS downgraded shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Friday, March 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $75.67.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. sell-side analysts predict that Dominion Energy Inc will post 4.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st will be given a $0.835 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.23%. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.
In related news, Director Joseph M. Rigby bought 2,679 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $74.65 per share, with a total value of $199,987.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas F. Farrell II bought 4,000 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were bought at an average cost of $63.44 per share, with a total value of $253,760.00. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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