Siemens Fonds Invest GmbH Has $186,000 Stake in Dominion Energy, Inc. (NYSE:D)

Siemens Fonds Invest GmbH decreased its holdings in Dominion Energy, Inc. (NYSE:D) by 62.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,459 shares of the utilities provider’s stock after selling 5,696 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Dominion Energy were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Cape Investment Advisory Inc. raised its position in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on D. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $58.75.

Dominion Energy Trading Up 1.3%

D opened at $55.78 on Monday. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $47.57 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.22 and a beta of 0.57. The company’s 50 day moving average price is $53.92 and its two-hundred day moving average price is $55.03.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

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.