Rise Advisors LLC Takes $30,000 Position in Dominion Energy, Inc. (NYSE:D)

Rise Advisors LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 610 shares of the utilities provider’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently made changes to their positions in D. Criterion Capital Advisors LLC bought a new stake in Dominion Energy in the fourth quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Operose Advisors LLC raised its position in shares of Dominion Energy by 60.3% in the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 311 shares during the period. Finally, Janiczek Wealth Management LLC grew its stake in Dominion Energy by 20,100.0% during the fourth 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 in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Evercore ISI boosted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. BMO Capital Markets boosted their price target on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company boosted their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $51.73.

Dominion Energy Stock Up 0.8 %

Shares of NYSE D opened at $49.81 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $54.74. The firm has a market capitalization of $41.72 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60. The firm has a fifty day simple moving average of $51.52 and a two-hundred day simple moving average of $48.63.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.36%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.