Meyer Handelman Co. Has $300,000 Stake in Dominion Energy, Inc. (NYSE:D)

Meyer Handelman Co. trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 37.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,093 shares of the utilities provider’s stock after selling 3,640 shares during the period. Meyer Handelman Co.’s holdings in Dominion Energy were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BTC Capital Management Inc. acquired a new stake in shares of Dominion Energy in the 1st quarter valued at $2,292,000. CVA Family Office LLC increased its stake in shares of Dominion Energy by 77.7% in the 1st quarter. CVA Family Office LLC now owns 2,722 shares of the utilities provider’s stock valued at $134,000 after buying an additional 1,190 shares during the period. Marcum Wealth LLC increased its stake in shares of Dominion Energy by 46.1% in the 1st quarter. Marcum Wealth LLC now owns 8,277 shares of the utilities provider’s stock valued at $407,000 after buying an additional 2,612 shares during the period. Lantz Financial LLC increased its stake in shares of Dominion Energy by 4.0% in the 1st quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after buying an additional 222 shares during the period. Finally, Ridgewood Investments LLC increased its stake in shares of Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after buying an additional 210 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $49.21 on Friday. The firm has a market cap of $41.22 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60. The stock’s 50-day moving average is $51.53 and its 200-day moving average is $48.67. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94.

Dominion Energy (NYSE:D) last issued its quarterly 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Equities analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank reduced their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Guggenheim reduced their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, 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. Ten 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 an average rating of “Hold” and an average target price of $51.73.

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.