Beacon Pointe Advisors LLC Has $894,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Beacon Pointe Advisors LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,602 shares of the utilities provider's stock after selling 5,519 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Dominion Energy were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Cape Investment Advisory Inc. boosted its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D stock traded up $0.30 during mid-day trading on Tuesday, reaching $54.72. The stock had a trading volume of 4,099,706 shares, compared to its average volume of 4,392,229. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The firm has a market cap of $46.63 billion, a PE ratio of 20.27, a P/E/G ratio of 1.22 and a beta of 0.57. The firm's 50 day simple moving average is $54.03 and its 200 day simple moving average is $55.34. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

D has been the topic of several recent analyst reports. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.22.

Dominion Energy 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.