Dominion Energy Inc. (NYSE:D) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management increased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,393 shares of the utilities provider's stock after acquiring an additional 11,039 shares during the period. Brookstone Capital Management's holdings in Dominion Energy were worth $11,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew 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 valued at $25,000 after purchasing an additional 378 shares during the last quarter. Fairway Wealth LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Orion Capital Management LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley decreased their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and an average target price of $58.38.

Dominion Energy Stock Down 0.7%

Shares of NYSE:D traded down $0.40 during trading on Monday, hitting $56.46. The company's stock had a trading volume of 4,271,938 shares, compared to its average volume of 4,764,198. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The stock's 50-day moving average price is $55.63 and its two-hundred day moving average price is $54.85. The company has a market capitalization of $48.15 billion, a PE ratio of 21.15, a PEG ratio of 1.23 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the company posted $0.55 EPS. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.73%. Dominion Energy's dividend payout ratio (DPR) is presently 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.