Cobblestone Asset Management LLC Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Cobblestone Asset Management LLC lifted its stake in Dominion Energy, Inc. (NYSE:D) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,556 shares of the utilities provider’s stock after purchasing an additional 600 shares during the quarter. Cobblestone Asset Management LLC’s holdings in Dominion Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Criterion Capital Advisors LLC bought a new stake in Dominion Energy during the 4th quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new position in Dominion Energy in the 4th quarter worth $30,000. Rise Advisors LLC purchased a new stake in Dominion Energy in the 1st quarter worth $30,000. Venturi Wealth Management LLC raised its holdings in Dominion Energy by 84.5% during 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 period. Finally, Janiczek Wealth Management LLC lifted its position in shares of Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

D traded down $0.88 during trading on Monday, reaching $48.12. 2,170,402 shares of the company’s stock were exchanged, compared to its average volume of 4,893,206. The company’s fifty day simple moving average is $51.64 and its 200-day simple moving average is $48.73. The stock has a market capitalization of $40.30 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. As a group, research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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 $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Scotiabank dropped their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Mizuho increased their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Evercore ISI increased their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average 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.