Cetera Investment Advisers Increases Position in Dominion Energy Inc. (NYSE:D)

Cetera Investment Advisers boosted its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 10.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,699 shares of the utilities provider's stock after acquiring an additional 18,845 shares during the period. Cetera Investment Advisers' holdings in Dominion Energy were worth $10,805,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of D. Massachusetts Financial Services Co. MA grew its stake in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Dominion Energy by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock worth $890,318,000 after acquiring an additional 939,835 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Dominion Energy by 2.9% in the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock worth $643,422,000 after acquiring an additional 336,747 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Dominion Energy by 0.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,450,928 shares of the utilities provider's stock worth $616,747,000 after acquiring an additional 63,206 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of several recent research reports. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $58.88.

Dominion Energy Stock Up 3.3%

D stock traded up $1.93 during mid-day trading 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. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The company has a market capitalization of $51.49 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57. The firm has a fifty day simple moving average of $56.61 and a 200 day simple moving average of $55.33. 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 posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 quarter last year, the firm earned $0.65 EPS. The company's revenue was up 9.3% on a year-over-year basis. Analysts forecast 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 will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio is currently 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.