M Holdings Securities Inc. Makes New Investment in Dominion Energy, Inc. (NYSE:D)

M Holdings Securities Inc. bought a new stake in shares of Dominion Energy, Inc. (NYSE:DGet Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,598 shares of the utilities provider’s stock, valued at approximately $306,000.

Other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd grew its position in shares of Dominion Energy by 121.0% during the 1st quarter. IFM Investors Pty Ltd now owns 238,937 shares of the utilities provider’s stock valued at $20,302,000 after acquiring an additional 130,836 shares during the period. Mayfair Advisory Group LLC lifted its stake in Dominion Energy by 5.6% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,164 shares of the utilities provider’s stock valued at $359,000 after buying an additional 219 shares in the last quarter. Welch & Forbes LLC lifted its stake in Dominion Energy by 42.5% in the 1st quarter. Welch & Forbes LLC now owns 7,373 shares of the utilities provider’s stock valued at $626,000 after buying an additional 2,200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Dominion Energy by 17.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 12,288 shares of the utilities provider’s stock valued at $1,044,000 after buying an additional 1,870 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Dominion Energy by 1.2% in the 4th quarter. California State Teachers Retirement System now owns 1,414,673 shares of the utilities provider’s stock valued at $111,137,000 after buying an additional 17,180 shares in the last quarter. 69.75% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.1 %

D stock opened at $80.82 on Friday. The firm has a market cap of $67.28 billion, a PE ratio of 30.27, a PEG ratio of 3.10 and a beta of 0.41. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.86. The firm’s 50 day moving average price is $81.74 and its 200-day moving average price is $82.13. Dominion Energy, Inc. has a one year low of $70.37 and a one year high of $88.78.

Dominion Energy (NYSE:DGet Rating) last posted its earnings results on Monday, August 8th. The utilities provider reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Dominion Energy had a net margin of 15.09% and a return on equity of 12.95%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 4.11 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a $0.6675 dividend. The ex-dividend date is Thursday, September 1st. This represents a $2.67 annualized dividend and a yield of 3.30%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. BMO Capital Markets raised their target price on shares of Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Morgan Stanley raised their target price on shares of Dominion Energy from $84.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Mizuho decreased their target price on shares of Dominion Energy from $87.00 to $81.00 in a research note on Friday, July 15th. Finally, Barclays decreased their target price on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.29.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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