Dominion Energy Inc. (NYSE:D) Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,878,683 shares of the utilities provider's stock after buying an additional 939,835 shares during the quarter. Bank of New York Mellon Corp owned about 1.86% of Dominion Energy worth $890,318,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in Dominion Energy during the 1st quarter worth $314,000. QRG Capital Management Inc. grew its stake in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after buying an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after acquiring an additional 6,462 shares during the period. Bessemer Group Inc. boosted its position in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after acquiring an additional 616 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Dominion Energy by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after acquiring an additional 628 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley reduced their price target 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. Finally, UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $58.38.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.45 during trading on Friday, hitting $56.98. The stock had a trading volume of 3,095,639 shares, compared to its average volume of 4,766,176. 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 firm has a market cap of $48.59 billion, a P/E ratio of 21.34, a PEG ratio of 1.23 and a beta of 0.56. The business has a fifty day moving average of $55.57 and a two-hundred day moving average of $54.83. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates 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 firm posted $0.55 earnings per share. On average, sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio is 100.00%.

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.