Confluence Wealth Management LLC raised its holdings in shares of Dominion Energy Inc (NYSE:D) by 16.4% in the first quarter, Holdings Channel reports. The institutional investor owned 3,927 shares of the utilities provider’s stock after acquiring an additional 554 shares during the period. Confluence Wealth Management LLC’s holdings in Dominion Energy were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its position in shares of Dominion Energy by 6.5% during the first quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares during the last quarter. Dividend Assets Capital LLC boosted its position in shares of Dominion Energy by 2.4% during the first quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Dominion Energy by 12.8% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of Dominion Energy by 1.1% during the first quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 140 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its position in shares of Dominion Energy by 1.3% during the first quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 140 shares during the last quarter. 63.82% of the stock is owned by institutional investors and hedge funds.

In other Dominion Energy news, Director D Maybank Hagood acquired 1,965 shares of the stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the transaction, the director now directly owns 2,975 shares of the company’s stock, valued at $227,111.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

D stock opened at $74.50 on Tuesday. Dominion Energy Inc has a 52 week low of $62.67 and a 52 week high of $78.31. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44. The firm has a market cap of $60.81 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 3.70 and a beta of 0.26.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the business earned $1.14 EPS. Dominion Energy’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts anticipate that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.67 annualized dividend and a yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, April 8th. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. KeyCorp assumed coverage on shares of Dominion Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Macquarie lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and an average price target of $85.00.

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About Dominion Energy

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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