Dominion Energy, Inc. (NYSE:D) Shares Bought by Ieq Capital LLC

Ieq Capital LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 25.6% during the 2nd quarter, Holdings Channel reports. The firm owned 35,579 shares of the utilities provider’s stock after buying an additional 7,263 shares during the quarter. Ieq Capital LLC’s holdings in Dominion Energy were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy in the first quarter worth approximately $30,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the first quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Dominion Energy Price Performance

NYSE:D opened at $57.93 on Monday. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $48.52 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 0.60. The stock’s fifty day moving average is $55.23 and its two-hundred day moving average is $52.02.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.61%. Dominion Energy’s dividend payout ratio 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.