Thurston Springer Miller Herd & Titak Inc. Grows Position in Dominion Energy, Inc. (NYSE:D)

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 49.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,628 shares of the utilities provider’s stock after purchasing an additional 875 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Dominion Energy were worth $147,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in D. Apella Capital LLC grew its holdings in shares of Dominion Energy by 12.3% in the first quarter. Apella Capital LLC now owns 8,386 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 920 shares during the last quarter. Triangle Securities Wealth Management grew its holdings in shares of Dominion Energy by 12.5% in the first quarter. Triangle Securities Wealth Management now owns 10,583 shares of the utilities provider’s stock worth $593,000 after purchasing an additional 1,178 shares during the last quarter. Clarus Wealth Advisors bought a new position in shares of Dominion Energy in the first quarter worth about $257,000. Bank & Trust Co grew its holdings in shares of Dominion Energy by 211.0% in the first quarter. Bank & Trust Co now owns 3,424 shares of the utilities provider’s stock worth $192,000 after purchasing an additional 2,323 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in shares of Dominion Energy in the first quarter worth about $374,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on D. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. Finally, UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.63.

Dominion Energy Stock Performance

D stock opened at $55.81 on Friday. The firm has a market cap of $47.59 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.22 and a beta of 0.57. The firm has a 50-day simple moving average of $54.45 and a two-hundred day simple moving average of $54.94. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.