Cetera Investment Advisers Raises Holdings in Dominion Energy Inc. (NYSE:D)

Cetera Investment Advisers boosted its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,699 shares of the utilities provider's stock after purchasing an additional 18,845 shares during the quarter. Cetera Investment Advisers' holdings in Dominion Energy were worth $10,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. John G Ullman & Associates Inc. boosted its position in shares of Dominion Energy by 13.0% during the 1st quarter. John G Ullman & Associates Inc. now owns 102,246 shares of the utilities provider's stock valued at $5,733,000 after acquiring an additional 11,755 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Dominion Energy by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 67,173 shares of the utilities provider's stock valued at $3,766,000 after buying an additional 2,404 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $34,000. Jackson Hole Capital Partners LLC raised its holdings in shares of Dominion Energy by 5.2% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 56,424 shares of the utilities provider's stock valued at $3,164,000 after buying an additional 2,814 shares in the last quarter. Finally, Arlington Capital Management Inc. raised its holdings in shares of Dominion Energy by 3.3% during the 1st quarter. Arlington Capital Management Inc. now owns 18,537 shares of the utilities provider's stock valued at $1,039,000 after buying an additional 586 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 3.3%

Shares of NYSE:D traded up $1.93 on Friday, reaching $60.38. The company had a trading volume of 7,651,932 shares, compared to its average volume of 3,969,101. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.97. The firm's 50 day simple moving average is $56.69 and its 200-day simple moving average is $55.39. The firm has a market capitalization of $51.49 billion, a PE ratio of 20.82, a PEG ratio of 1.31 and a beta of 0.57. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business's revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's payout ratio is 100.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on D. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley dropped their price target on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.88.

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.