6,665 Shares in Dominion Energy, Inc. (NYSE:D) Bought by RFG Advisory LLC

RFG Advisory LLC bought a new position in Dominion Energy, Inc. (NYSE:D - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,665 shares of the utilities provider's stock, valued at approximately $374,000.

A number of other hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter worth about $26,000. Fairway Wealth LLC bought a new stake in Dominion Energy during the fourth quarter worth about $27,000. Finally, Orion Capital Management LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of research analyst reports. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley decreased their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and an average target price of $58.63.

Dominion Energy Trading Down 0.3%

Shares of D stock opened at $55.81 on Friday. The stock has a market cap of $47.59 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $54.45 and a 200 day simple moving average of $54.93.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating 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 analysts' expectations of $3.95 billion. During the same period in the previous year, the company earned $0.55 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy's payout ratio is presently 100.00%.

About Dominion Energy

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.

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