Solstein Capital LLC Takes $232,000 Position in Dominion Energy Inc (D)

Solstein Capital LLC purchased a new position in Dominion Energy Inc (NYSE:D) during the first quarter, HoldingsChannel.com reports. The firm purchased 3,020 shares of the utilities provider’s stock, valued at approximately $232,000. Dominion Energy accounts for 1.3% of Solstein Capital LLC’s portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of D. Valeo Financial Advisors LLC boosted its stake in shares of Dominion Energy by 6.5% during the first quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 136 shares in the last quarter. Dividend Assets Capital LLC boosted its stake in shares of Dominion Energy by 2.4% during the first quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 136 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Dominion Energy by 12.8% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 140 shares in the last quarter. Smithfield Trust Co. boosted its stake in shares of Dominion Energy by 1.1% during the first quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock valued at $981,000 after purchasing an additional 140 shares in the last quarter. Finally, Delta Asset Management LLC TN boosted its stake in shares of Dominion Energy by 1.3% during the first quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 63.85% of the company’s stock.

A number of research firms recently commented on D. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Credit Suisse Group set a $77.00 price objective on Dominion Energy and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, Argus reaffirmed a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $85.00.

In other news, Director D Maybank Hagood acquired 1,965 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the acquisition, the director now directly owns 2,975 shares in the company, valued at approximately $227,111.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total value of $92,352.15. Following the sale, the director now owns 23,598 shares of the company’s stock, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

NYSE D opened at $77.72 on Monday. The company has a market cap of $62.36 billion, a PE ratio of 19.19, a PEG ratio of 3.81 and a beta of 0.23. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $78.14. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Dominion Energy Inc will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio is 90.62%.

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About Dominion Energy

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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