Chapin Davis Inc. Acquires Shares of 4,167 Dominion Energy, Inc. (NYSE:D)

Chapin Davis Inc. acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,167 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other institutional investors also recently bought and sold shares of the business. Criterion Capital Advisors LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at about $30,000. Rise Advisors LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at about $30,000. Venturi Wealth Management LLC boosted its holdings 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 acquiring an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Dominion Energy by 20,100.0% in 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.

Dominion Energy Price Performance

D opened at $48.00 on Tuesday. The company has a fifty day simple moving average of $51.64 and a 200 day simple moving average of $48.73. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. 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 (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.56%. Dominion Energy’s payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of research firms recently commented on D. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company upped their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. BMO Capital Markets increased 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, Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $51.73.

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.