Caprock Group LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Caprock Group LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 133.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,679 shares of the utilities provider’s stock after buying an additional 5,525 shares during the period. Caprock Group LLC’s holdings in Dominion Energy were worth $474,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after buying an additional 195 shares during the period. Arlington Capital Management Inc. grew its holdings in Dominion Energy by 1.2% during the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after acquiring an additional 197 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares during the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 199 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its position in shares of Dominion Energy by 0.9% during the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on D shares. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $54.00.

Dominion Energy Stock Down 0.8 %

D stock opened at $57.23 on Thursday. The company has a market cap of $48.01 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a fifty day moving average price of $54.13 and a 200 day moving average price of $51.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.13.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, August 30th. 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.