Los Angeles Capital Management LLC Acquires 12,328 Shares of Dominion Energy, Inc. (NYSE:D)

Los Angeles Capital Management LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,733 shares of the utilities provider’s stock after purchasing an additional 12,328 shares during the period. Los Angeles Capital Management LLC’s holdings in Dominion Energy were worth $4,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of D. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its stake in shares of Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Operose Advisors LLC lifted its holdings in shares of Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 311 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. BMO Capital Markets lifted their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Wells Fargo & Company boosted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Mizuho boosted their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Stock Up 0.8 %

Shares of Dominion Energy stock opened at $49.81 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $54.74. The company has a market cap of $41.72 billion, a P/E ratio of 25.68, a PEG ratio of 1.32 and a beta of 0.60. The company’s fifty day simple moving average is $51.52 and its two-hundred day simple moving average is $48.63.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.36%. Dominion Energy’s dividend payout ratio is presently 137.63%.

About Dominion Energy

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.