Focus Partners Wealth Increases Stake in Dominion Energy, Inc. (NYSE:D)

Focus Partners Wealth boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,069 shares of the utilities provider's stock after purchasing an additional 38,191 shares during the quarter. Focus Partners Wealth's holdings in Dominion Energy were worth $8,891,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of D. Barclays PLC raised its stake in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. Czech National Bank raised its stake in shares of Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock valued at $9,810,000 after acquiring an additional 11,231 shares during the period. Fiduciary Alliance LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at $282,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of Dominion Energy by 8.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 6,222 shares of the utilities provider's stock valued at $335,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on D. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price target (down 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, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $58.75.

Dominion Energy Stock Up 1.3%

Dominion Energy stock traded up $0.74 during midday trading on Friday, hitting $55.78. 4,679,028 shares of the company's stock were exchanged, compared to its average volume of 4,440,960. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The firm has a 50-day moving average of $53.92 and a two-hundred day moving average of $55.08. The company has a market cap of $47.57 billion, a PE ratio of 20.66, a P/E/G ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

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.