Chesapeake Wealth Management Buys 707 Shares of Dominion Energy Inc (NYSE:D)

Chesapeake Wealth Management lifted its stake in Dominion Energy Inc (NYSE:D) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,863 shares of the utilities provider’s stock after purchasing an additional 707 shares during the quarter. Chesapeake Wealth Management’s holdings in Dominion Energy were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Interactive Financial Advisors bought a new position in Dominion Energy in the 1st quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC bought a new position in Dominion Energy in the 1st quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC lifted its position in Dominion Energy by 133.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Manchester Financial Inc. bought a new position in Dominion Energy in the 2nd quarter valued at approximately $27,000. Finally, NuWave Investment Management LLC lifted its position in Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 319 shares in the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:D opened at $75.38 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $79.47. The firm has a 50-day simple moving average of $76.47. The company has a market cap of $59.93 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 3.74 and a beta of 0.25.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, equities research analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.

A number of equities research analysts have weighed in on D shares. KeyCorp started coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $81.00 target price for the company. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective for the company. in a research note on Thursday, July 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.08.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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

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