GAMMA Investing LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

GAMMA Investing LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 67.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,218 shares of the utilities provider’s stock after purchasing an additional 4,521 shares during the period. GAMMA Investing LLC’s holdings in Dominion Energy were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC boosted its stake in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. Operose Advisors LLC raised its position in shares of Dominion Energy by 60.3% in the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after buying an additional 311 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on D. BMO Capital Markets boosted their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Barclays reduced their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Mizuho raised their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Evercore ISI increased their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Finally, StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Stock Performance

D stock opened at $49.42 on Thursday. The stock has a market cap of $41.39 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.32 and a beta of 0.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a 50 day simple moving average of $51.51 and a 200 day simple moving average of $48.63. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.