MQS Management LLC Purchases Shares of 5,657 Dominion Energy Inc. (NYSE:D)

MQS Management LLC acquired a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 5,657 shares of the utilities provider's stock, valued at approximately $317,000.

Several other large investors have also added to or reduced their stakes in D. Whitener Capital Management Inc. raised its stake in Dominion Energy by 1.7% during the 1st quarter. Whitener Capital Management Inc. now owns 14,870 shares of the utilities provider's stock valued at $834,000 after purchasing an additional 247 shares during the period. LRI Investments LLC boosted its position in shares of Dominion Energy by 4.7% during the first quarter. LRI Investments LLC now owns 8,255 shares of the utilities provider's stock worth $463,000 after acquiring an additional 368 shares during the last quarter. Greatmark Investment Partners Inc. lifted its stake in Dominion Energy by 7.1% in the 1st quarter. Greatmark Investment Partners Inc. now owns 4,550 shares of the utilities provider's stock worth $255,000 after purchasing an additional 300 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in Dominion Energy by 48.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 10,750 shares of the utilities provider's stock worth $603,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Dominion Energy by 2.7% during the 1st quarter. Stephens Inc. AR now owns 93,127 shares of the utilities provider's stock valued at $5,222,000 after purchasing an additional 2,458 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 0.9%

Shares of D traded up $0.52 during mid-day trading on Friday, reaching $58.13. 2,263,479 shares of the company's stock traded hands, compared to its average volume of 4,777,168. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a market cap of $49.57 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.24 and a beta of 0.56. The stock's 50-day moving average is $56.03 and its two-hundred day moving average is $55.03.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lowered their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $58.88.

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.