Graham Capital Wealth Management LLC Has $2.28 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Graham Capital Wealth Management LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,467 shares of the utilities provider’s stock after purchasing an additional 809 shares during the quarter. Dominion Energy accounts for approximately 3.1% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Graham Capital Wealth Management LLC’s holdings in Dominion Energy were worth $2,277,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. EP Wealth Advisors LLC increased its stake in shares of Dominion Energy by 12.0% in the second quarter. EP Wealth Advisors LLC now owns 8,538 shares of the utilities provider’s stock valued at $418,000 after buying an additional 914 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $36,000. William B. Walkup & Associates Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $167,000. NewEdge Advisors LLC increased its stake in shares of Dominion Energy by 31.5% in the second quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after buying an additional 12,999 shares during the period. Finally, Creative Planning increased its stake in shares of Dominion Energy by 1.1% in the second quarter. Creative Planning now owns 236,057 shares of the utilities provider’s stock valued at $11,567,000 after buying an additional 2,606 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on D. BMO Capital Markets upped their price objective 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. Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Price Performance

Dominion Energy stock opened at $57.79 on Tuesday. The stock has a market capitalization of $48.40 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The stock’s 50 day moving average price is $55.93 and its two-hundred day moving average price is $52.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend 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.