SPC Financial Inc. Sells 354 Shares of Dominion Energy, Inc. (NYSE:D)

SPC Financial Inc. decreased its holdings in Dominion Energy, Inc. (NYSE:D) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,294 shares of the utilities provider’s stock after selling 354 shares during the quarter. SPC Financial Inc.’s holdings in Dominion Energy were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Arlington Capital Management Inc. increased its holdings in Dominion Energy by 1.2% in the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after buying an additional 197 shares in the last quarter. Ridgewood Investments LLC lifted its position in shares of Dominion Energy by 0.9% during the 1st 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 in the last quarter. Lantz Financial LLC lifted its position in shares of Dominion Energy by 4.0% during the 1st quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after buying an additional 222 shares in the last quarter. Seneca House Advisors lifted its position in shares of Dominion Energy by 2.0% during the 1st quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock valued at $559,000 after buying an additional 228 shares in the last quarter. Finally, Choreo LLC lifted its position in shares of Dominion Energy by 4.7% during the 1st quarter. Choreo LLC now owns 5,157 shares of the utilities provider’s stock valued at $254,000 after buying an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $51.65 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The stock’s fifty day moving average is $51.35 and its 200 day moving average is $48.82. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The firm has a market capitalization of $43.26 billion, a PE ratio of 26.61, a PEG ratio of 1.33 and a beta of 0.58.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of research firms recently commented on D. Wells Fargo & Company boosted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. BMO Capital Markets lowered their price target on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday. Barclays lowered their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.