Twinbeech Capital LP Raises Position in Dominion Energy, Inc. (NYSE:D)

Twinbeech Capital LP increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 1,170.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,222 shares of the utilities provider’s stock after purchasing an additional 240,666 shares during the period. Twinbeech Capital LP’s holdings in Dominion Energy were worth $14,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Cape Investment Advisory Inc. increased its holdings in 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 acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in 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 acquiring an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

D has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. 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. Finally, UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.75.

Dominion Energy Stock Performance

Dominion Energy stock opened at $56.18 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The firm has a market capitalization of $47.91 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company’s 50-day moving average is $53.96 and its 200 day moving average is $55.01.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s payout ratio is currently 100.00%.

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.