Jacobi Capital Management LLC Has $715,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Jacobi Capital Management LLC lifted its stake in Dominion Energy, Inc. (NYSE:D) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,528 shares of the utilities provider’s stock after buying an additional 538 shares during the period. Jacobi Capital Management LLC’s holdings in Dominion Energy were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in D. Assenagon Asset Management S.A. boosted its holdings in shares of Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares in the last quarter. International Assets Investment Management LLC grew its position in Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after acquiring an additional 157,175 shares during the last quarter. SG Americas Securities LLC raised its stake in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Dominion Energy by 14.1% in the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 596 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $263,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D traded up $0.40 on Monday, reaching $51.81. 2,509,075 shares of the company’s stock traded hands, compared to its average volume of 4,698,068. The stock’s 50 day simple moving average is $51.28 and its two-hundred day simple moving average is $49.02. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The stock has a market cap of $43.40 billion, a PE ratio of 26.57, a PEG ratio of 1.38 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.15%. Dominion Energy’s payout ratio is 137.63%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on D shares. Mizuho upped their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, BMO Capital Markets decreased their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.64.

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.