Carret Asset Management LLC Has $2.24 Million Position in Dominion Energy, Inc. (NYSE:D)

Carret Asset Management LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,456 shares of the utilities provider’s stock after selling 1,999 shares during the quarter. Carret Asset Management LLC’s holdings in Dominion Energy were worth $2,236,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy during the fourth quarter worth about $30,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter worth approximately $30,000. Venturi Wealth Management LLC raised its stake in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 804 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.4 %

D stock traded up $0.67 during mid-day trading on Wednesday, hitting $49.21. 2,090,666 shares of the company were exchanged, compared to its average volume of 4,867,000. The firm has a market cap of $41.22 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm’s 50 day simple moving average is $51.54 and its 200 day simple moving average is $48.73.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. Dominion Energy’s payout ratio is presently 137.63%.

Analysts Set New Price Targets

D has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Evercore ISI boosted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, Barclays cut their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Company 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.