St. James Investment Company LLC Boosts Stake in Dominion Energy Inc. (D)
St. James Investment Company LLC raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 41.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,293 shares of the utilities provider’s stock after buying an additional 25,847 shares during the period. Dominion Energy makes up about 0.8% of St. James Investment Company LLC’s holdings, making the stock its 19th largest position. St. James Investment Company LLC’s holdings in Dominion Energy were worth $6,849,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in shares of Dominion Energy during the fourth quarter worth about $1,116,000. Guggenheim Capital LLC boosted its stake in Dominion Energy by 3.5% in the fourth quarter. Guggenheim Capital LLC now owns 507,728 shares of the utilities provider’s stock worth $38,886,000 after buying an additional 17,146 shares in the last quarter. HCR Wealth Advisors acquired a new stake in Dominion Energy during the fourth quarter worth $231,000. Cigna Investments Inc. New acquired a new stake in Dominion Energy during the fourth quarter worth $1,761,000. Finally, Boothbay Fund Management LLC acquired a new stake in Dominion Energy during the fourth quarter worth $489,000. Institutional investors own 66.18% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded up 0.69% on Thursday, hitting $78.40. 2,584,298 shares of the stock traded hands. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The stock has a 50-day moving average price of $77.52 and a 200 day moving average price of $77.14. The firm has a market cap of $49.31 billion, a P/E ratio of 22.66 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 18.29% and a return on equity of 14.53%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Dominion Energy Inc. will post $3.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.85%. Dominion Energy’s payout ratio is 84.59%.
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Several research firms have recently commented on D. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Deutsche Bank AG boosted their price target on Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Barclays PLC restated an “overweight” rating and set a $89.00 price objective (up previously from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Finally, Citigroup Inc. cut their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $80.57.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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