Dominion Energy Inc. (NYSE:D) Shares Bought by Leo Wealth LLC

Leo Wealth LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 30.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,597 shares of the utilities provider’s stock after buying an additional 6,264 shares during the period. Leo Wealth LLC’s holdings in Dominion Energy were worth $1,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy in the fourth quarter worth $27,000. Park Square Financial Group LLC bought a new stake in Dominion Energy in the fourth quarter worth $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares in the last quarter. Finally, Navigoe LLC bought a new stake in Dominion Energy in the fourth quarter worth $29,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE:D opened at $57.38 on Monday. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $48.94 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm has a 50-day moving average price of $55.84 and a 200 day moving average price of $54.95.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $58.38.

Dominion Energy 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.