SteelPeak Wealth LLC Acquires 2,120 Shares of Dominion Energy, Inc. (NYSE:D)

SteelPeak Wealth LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 13.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,353 shares of the utilities provider’s stock after purchasing an additional 2,120 shares during the quarter. SteelPeak Wealth LLC’s holdings in Dominion Energy were worth $899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Dominion Energy by 154.1% in the second quarter. ORG Partners LLC now owns 1,418 shares of the utilities provider’s stock worth $68,000 after buying an additional 860 shares in the last quarter. Bill Few Associates Inc. lifted its holdings in shares of Dominion Energy by 7.1% in the second quarter. Bill Few Associates Inc. now owns 55,153 shares of the utilities provider’s stock worth $2,702,000 after buying an additional 3,657 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Dominion Energy by 6.1% in the second quarter. V Square Quantitative Management LLC now owns 9,651 shares of the utilities provider’s stock worth $473,000 after buying an additional 557 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Dominion Energy by 3.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider’s stock worth $5,568,000 after buying an additional 3,990 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of Dominion Energy in the second quarter worth about $49,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Evercore ISI raised their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the company from $43.00 to $54.00 in a research note on Friday, May 10th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company raised their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.73.

Dominion Energy Trading Down 0.4 %

Shares of Dominion Energy stock traded down $0.21 on Thursday, hitting $55.30. The stock had a trading volume of 3,749,964 shares, compared to its average volume of 4,615,802. 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, Inc. has a one year low of $39.18 and a one year high of $57.60. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.46 and a beta of 0.58. The stock’s 50-day simple moving average is $51.49 and its two-hundred day simple moving average is $49.90.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Dominion Energy Company 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.