Cambridge Investment Research Advisors Inc. Has $16.28 Million Holdings in Dominion Energy Inc. (NYSE:D)

Cambridge Investment Research Advisors Inc. raised its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,422 shares of the utilities provider's stock after acquiring an additional 10,915 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Dominion Energy were worth $16,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in D. Cadence Bank increased its stake in shares of Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after buying an additional 193 shares in the last quarter. Choate Investment Advisors grew its holdings in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after acquiring an additional 198 shares during the last quarter. Centre Asset Management LLC grew its holdings in Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after acquiring an additional 198 shares during the last quarter. Finally, Eagle Strategies LLC increased its position in Dominion Energy by 6.0% in the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 1.3%

D traded up $0.70 during trading hours on Friday, hitting $55.88. 6,225,491 shares of the company's stock were exchanged, compared to its average volume of 4,720,213. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.20 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 stock's 50-day moving average is $55.11 and its two-hundred day moving average is $54.69. 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 (NYSE:D - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.08 billion for 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 business's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.6675 dividend. The ex-dividend date was 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 100.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on D shares. JPMorgan Chase & Co. reaffirmed 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. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley decreased 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. One equities research 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, Dominion Energy presently has an average rating of "Hold" and an average price target of $58.38.

Dominion Energy 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.