Clarus Wealth Advisors Acquires Shares of 4,927 Dominion Energy, Inc. (NYSE:D)

Clarus Wealth Advisors bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,927 shares of the utilities provider's stock, valued at approximately $257,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after acquiring an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC raised its stake in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after acquiring an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after acquiring an additional 1,068,996 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.3%

Shares of Dominion Energy stock traded down $0.14 during trading hours on Thursday, hitting $55.94. The company's stock had a trading volume of 4,821,305 shares, compared to its average volume of 4,543,243. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The business has a fifty day moving average of $54.46 and a 200 day moving average of $54.97. The company has a market capitalization of $47.70 billion, a PE ratio of 20.72, a P/E/G ratio of 1.22 and a beta of 0.57. 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 released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on D shares. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group lifted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley reduced their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy has an average rating of "Hold" and a consensus price target of $58.63.

Dominion Energy Company 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.