Hayek Kallen Investment Management bought a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,028 shares of the utilities provider’s stock, valued at approximately $616,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in D. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 2nd quarter worth $31,000. Beacon Financial Strategies CORP raised its holdings in Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 350 shares during the period. Finally, Blueline Advisors LLC purchased a new position in Dominion Energy during the fourth quarter valued at $28,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Stock Performance
Shares of NYSE D opened at $66.48 on Friday. The company has a market cap of $58.47 billion, a P/E ratio of 23.16 and a beta of 0.65. Dominion Energy Inc. has a 52-week low of $55.85 and a 52-week high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The firm’s fifty day moving average is $69.09 and its two-hundred day moving average is $65.78.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 4th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.03%.
Wall Street Analysts Forecast Growth
D has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Dominion Energy from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $80.00 in a research note on Wednesday, August 19th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Truist Financial decreased their target price on Dominion Energy from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Finally, UBS Group set a $80.00 price target on Dominion Energy in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.93.
Read Our Latest Report on Dominion Energy
Dominion Energy Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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