Stokes & Hubbell Capital Management LLC Takes Position in Dominion Energy Inc. (D)

Stokes & Hubbell Capital Management LLC purchased a new position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,486 shares of the utilities provider’s stock, valued at approximately $420,000.

Other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake in shares of Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Dominion Energy during the first quarter worth about $117,000. Bollard Group LLC boosted its stake in shares of Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock worth $118,000 after buying an additional 13 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its stake in shares of Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE:D) traded down 0.10% during midday trading on Wednesday, hitting $78.89. The company had a trading volume of 630,451 shares. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company’s 50-day moving average price is $77.17 and its 200 day moving average price is $77.42. The company has a market capitalization of $50.69 billion, a price-to-earnings ratio of 22.83 and a beta of 0.28.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts predict that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a $0.755 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.82%. Dominion Energy’s payout ratio is currently 87.28%.

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A number of equities research analysts have recently issued reports on D shares. Morgan Stanley reduced their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. reduced their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and an average target price of $80.57.

About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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