AE Wealth Management LLC Has $19.46 Million Stake in Dominion Energy Inc. (NYSE:D)

AE Wealth Management LLC increased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 14.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,119 shares of the utilities provider's stock after buying an additional 43,262 shares during the quarter. AE Wealth Management LLC's holdings in Dominion Energy were worth $19,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $28,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, Navigoe LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Up 0.1%

Shares of D traded up $0.05 during trading hours on Friday, reaching $58.80. The stock had a trading volume of 2,908,618 shares, compared to its average volume of 4,306,502. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The firm has a 50-day moving average of $56.47 and a 200 day moving average of $55.21. The company has a market cap of $50.14 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.27 and a beta of 0.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on D shares. Morgan Stanley cut their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. 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's stock. According to MarketBeat, Dominion Energy presently has an average rating of "Hold" and an average target price 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.