Cortland Advisers LLC increased its holdings in Dominion Energy Inc (NYSE:D) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 709,362 shares of the utilities provider’s stock after acquiring an additional 97,796 shares during the period. Dominion Energy makes up about 2.3% of Cortland Advisers LLC’s holdings, making the stock its 20th largest holding. Cortland Advisers LLC owned approximately 0.09% of Dominion Energy worth $54,380,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Interactive Financial Advisors acquired a new stake in Dominion Energy in the 1st quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Dominion Energy in the 1st quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC grew its holdings in Dominion Energy by 133.3% in the 1st 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. Nalls Sherbakoff Group LLC acquired a new stake in Dominion Energy in the 4th quarter valued at approximately $26,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Institutional investors own 63.82% of the company’s stock.
D has been the subject of a number of research reports. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, April 8th. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. ValuEngine upgraded 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. Finally, Wolfe Research set a $79.00 target price on Dominion Energy and gave the stock a “hold” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $85.00.
Shares of Dominion Energy stock opened at $75.08 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35. Dominion Energy Inc has a 12 month low of $64.07 and a 12 month high of $78.31. The firm has a market cap of $59.30 billion, a P/E ratio of 18.48, a P/E/G ratio of 3.61 and a beta of 0.26.
Dominion Energy (NYSE:D) last released its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy Inc will post 4.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s payout ratio is presently 90.62%.
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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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