Front Row Advisors LLC Has $576,000 Position in Dominion Energy Inc (NYSE:D)

Front Row Advisors LLC decreased its holdings in Dominion Energy Inc (NYSE:D) by 1.8% in the first quarter, Holdings Channel reports. The fund owned 7,520 shares of the utilities provider’s stock after selling 140 shares during the quarter. Front Row Advisors LLC’s holdings in Dominion Energy were worth $576,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its holdings in shares of Dominion Energy by 6.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock valued at $171,000 after acquiring an additional 136 shares during the last quarter. Dividend Assets Capital LLC lifted its holdings in shares of Dominion Energy by 2.4% in the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Dominion Energy by 12.8% in the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 140 shares during the last quarter. Smithfield Trust Co. lifted its holdings in shares of Dominion Energy by 1.1% in the 1st quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock valued at $981,000 after acquiring an additional 140 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Dominion Energy by 1.3% in the 1st quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock valued at $826,000 after acquiring an additional 140 shares during the last quarter. 63.80% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on D. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Macquarie downgraded shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, April 8th. Mizuho began coverage on shares of Dominion Energy in a research note on Monday, March 11th. They issued a “neutral” rating and a $76.00 price objective for the company. Finally, Credit Suisse Group began coverage on shares of Dominion Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $78.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.85.

Shares of NYSE:D opened at $76.66 on Monday. The company has a market cap of $61.51 billion, a PE ratio of 18.93, a P/E/G ratio of 3.79 and a beta of 0.26. Dominion Energy Inc has a one year low of $65.01 and a one year high of $78.31. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. Sell-side analysts anticipate that Dominion Energy Inc will post 4.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Thursday, June 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

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Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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