Legacy Wealth Asset Management LLC Purchases 359 Shares of Dominion Energy, Inc. (NYSE:D)

Legacy Wealth Asset Management LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,203 shares of the utilities provider’s stock after acquiring an additional 359 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Dominion Energy were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares during the last quarter. Morgan Stanley lifted its stake in Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after purchasing an additional 803,341 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares during the last quarter. Diversified Trust Co lifted its stake in Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 7,071 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in Dominion Energy in the 4th quarter valued at approximately $263,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.4 %

D opened at $49.21 on Friday. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a fifty day moving average of $51.46 and a 200-day moving average of $48.73. The stock has a market cap of $41.22 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Evercore ISI upped their price target 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. Mizuho upped their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” 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 for the company in a research report on Monday, April 15th. Finally, Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.73.

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.