Kimelman & Baird LLC Invests $36,000 in Dominion Energy, Inc. (NYSE:D)

Kimelman & Baird LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 730 shares of the utilities provider’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC raised its position in Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares during the last quarter. Altman Advisors Inc. grew its holdings in Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the period. Centennial Wealth Advisory LLC increased its position in Dominion Energy by 2.8% during the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after buying an additional 199 shares during the last quarter. Finally, Ridgewood Investments LLC raised its stake in Dominion Energy by 0.9% in the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $58.24 on Wednesday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. The company’s 50 day moving average price is $56.08 and its two-hundred day moving average price is $52.51. The firm has a market cap of $48.78 billion, a PE ratio of 30.02, a PEG ratio of 1.53 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Finally, BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $54.50.

About Dominion Energy

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.