Greatmark Investment Partners Inc. Buys 300 Shares of Dominion Energy Inc. (NYSE:D)

Greatmark Investment Partners Inc. boosted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 7.1% in the 1st quarter, Holdings Channel reports. The firm owned 4,550 shares of the utilities provider’s stock after buying an additional 300 shares during the period. Greatmark Investment Partners Inc.’s holdings in Dominion Energy were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cadence Bank lifted its stake in Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 189 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Dominion Energy by 3.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 193 shares during the last quarter. Choate Investment Advisors lifted its stake in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. Centre Asset Management LLC lifted its stake in Dominion Energy by 3.3% during the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock worth $350,000 after purchasing an additional 198 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in Dominion Energy by 1.1% during the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after purchasing an additional 202 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Argus upgraded Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley dropped their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $58.38.

Dominion Energy Stock Performance

NYSE D opened at $57.38 on Friday. The company has a market capitalization of $48.94 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.25 and a beta of 0.56. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $61.97. The stock has a fifty day simple moving average of $55.84 and a 200 day simple moving average of $54.94. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

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, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

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

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.