BKM Wealth Management LLC Buys 856 Shares of Dominion Energy, Inc. (NYSE:D)

BKM Wealth Management LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 74.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,007 shares of the utilities provider’s stock after purchasing an additional 856 shares during the quarter. BKM Wealth Management LLC’s holdings in Dominion Energy were worth $99,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of D. Criterion Capital Advisors LLC bought a new position in Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in Dominion Energy in the 4th quarter valued at $30,000. Rise Advisors LLC bought a new position in Dominion Energy in the 1st quarter valued at $30,000. Venturi Wealth Management LLC grew its position in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in 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 acquiring an additional 804 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Mizuho upped their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Evercore ISI increased their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, Barclays decreased their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $51.73.

Dominion Energy Stock Down 2.0 %

Dominion Energy stock opened at $48.00 on Tuesday. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74. The business’s 50-day moving average price is $51.64 and its 200 day moving average price is $48.73. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The firm 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%. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.56%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is currently 137.63%.

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.