King Luther Capital Management Corp Takes $217,000 Position in Dominion Energy, Inc. (NYSE:D)

King Luther Capital Management Corp bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,420 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares during the last quarter. Valley National Advisers Inc. boosted its holdings 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. Altman Advisors Inc. grew its stake in shares of Dominion Energy by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 198 shares during the period. Centennial Wealth Advisory LLC increased its holdings in shares of Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after buying an additional 199 shares during the last quarter. Finally, Ridgewood Investments LLC raised its position in shares of Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 210 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on D shares. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday. They set a “hold” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.50.

Dominion Energy Trading Down 0.1 %

NYSE D opened at $57.86 on Tuesday. The stock has a market cap of $48.46 billion, a P/E ratio of 29.82, a PEG ratio of 1.57 and a beta of 0.60. The company’s fifty day simple moving average is $55.36 and its 200-day simple moving average is $52.09. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping 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 firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

About Dominion Energy

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.