Ballentine Partners LLC Has $592,000 Stake in Dominion Energy, Inc. (NYSE:D)

Ballentine Partners LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 6.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,030 shares of the utilities provider’s stock after purchasing an additional 762 shares during the period. Ballentine Partners LLC’s holdings in Dominion Energy were worth $592,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bridge Creek Capital Management LLC grew its stake in Dominion Energy by 6.2% in the first quarter. Bridge Creek Capital Management LLC now owns 73,275 shares of the utilities provider’s stock valued at $3,604,000 after purchasing an additional 4,292 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in Dominion Energy by 0.6% during the first quarter. Gulf International Bank UK Ltd now owns 69,324 shares of the utilities provider’s stock worth $3,410,000 after buying an additional 386 shares during the last quarter. BTC Capital Management Inc. bought a new stake in Dominion Energy during the first quarter worth $2,292,000. CVA Family Office LLC lifted its stake in Dominion Energy by 77.7% in the first quarter. CVA Family Office LLC now owns 2,722 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Marcum Wealth LLC lifted its stake in Dominion Energy by 46.1% in the first quarter. Marcum Wealth LLC now owns 8,277 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 2,612 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.7 %

Dominion Energy stock traded up $0.34 during midday trading on Monday, reaching $49.55. The stock had a trading volume of 508,418 shares, compared to its average volume of 4,922,484. The company has a fifty day moving average price of $51.53 and a two-hundred day moving average price of $48.68. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $54.74. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $41.50 billion, a P/E ratio of 25.37, a PEG ratio of 1.33 and a beta of 0.60.

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

Dominion Energy Dividend Announcement

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 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 5.39%. Dominion Energy’s payout ratio is 137.63%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on D. Wells Fargo & Company raised their price objective on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets raised their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Evercore ISI increased their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.73.

Dominion Energy 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.