BerganKDV Wealth Management LLC Purchases 2,337 Shares of Dominion Energy, Inc. (NYSE:D)

BerganKDV Wealth Management LLC grew its position in Dominion Energy, Inc. (NYSE:D – Get Rating) by 11.9% in the first quarter, Holdings Channel.com reports. The fund owned 21,925 shares of the utilities provider’s stock after buying an additional 2,337 shares during the period. BerganKDV Wealth Management LLC’s holdings in Dominion Energy were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of D. Mount Yale Investment Advisors LLC raised its holdings in shares of Dominion Energy by 23.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,437 shares of the utilities provider’s stock worth $427,000 after buying an additional 1,029 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Dominion Energy by 0.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 36,300 shares of the utilities provider’s stock worth $2,852,000 after buying an additional 128 shares in the last quarter. Clarius Group LLC raised its holdings in shares of Dominion Energy by 15.4% in the 4th quarter. Clarius Group LLC now owns 6,117 shares of the utilities provider’s stock worth $481,000 after buying an additional 817 shares in the last quarter. AM Investment Strategies LLC raised its holdings in shares of Dominion Energy by 14.2% in the 4th quarter. AM Investment Strategies LLC now owns 5,599 shares of the utilities provider’s stock worth $440,000 after buying an additional 697 shares in the last quarter. Finally, Hartford Investment Management Co. increased its holdings in Dominion Energy by 24.9% during the 4th quarter. Hartford Investment Management Co. now owns 102,176 shares of the utilities provider’s stock valued at $8,027,000 after purchasing an additional 20,378 shares in the last quarter. Institutional investors own 68.39% of the company’s stock.

Dominion Energy Trading Down 0.4 %

Shares of NYSE D traded down $0.32 during midday trading on Friday, hitting $82.57. The stock had a trading volume of 2,529,754 shares, compared to its average volume of 2,787,850. Dominion Energy, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $88.78. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.65. The firm has a market cap of $66.99 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 3.18 and a beta of 0.41. The company’s 50-day simple moving average is $79.37 and its 200 day simple moving average is $81.32.

Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.01). Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts anticipate that Dominion Energy, Inc. will post 4.11 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be given a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.67 annualized dividend and a dividend yield of 3.23%. Dominion Energy’s dividend payout ratio is currently 74.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on D. Mizuho dropped their price target on Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. Barclays dropped their price target on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Morgan Stanley raised their price target on Dominion Energy from $78.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, July 21st. UBS Group dropped their price target on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Finally, KeyCorp raised their price target on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.17.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.