Commonwealth Equity Services LLC Buys 11,002 Shares of Dominion Energy Inc. (NYSE:D)

Key Points

• Commonwealth Equity Services LLC increased its stake in Dominion Energy by 1.9%, acquiring 11,002 shares, bringing its total holding to 605,002 shares valued at approximately $33.9 million.
• Dominion Energy reported a quarterly earnings miss, with earnings per share of $0.75, falling short of analysts' expectations of $0.77, although it achieved a revenue of $3.81 billion.
• The company announced a quarterly dividend of $0.6675, with a yield of 4.4%, indicating a high payout ratio of 92.07% for its recent performance.

Commonwealth Equity Services LLC raised its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 605,002 shares of the utilities provider's stock after purchasing an additional 11,002 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of Dominion Energy worth $33,922,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after acquiring an additional 3,553 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Dominion Energy in the 4th quarter worth approximately $379,000. Wedbush Securities Inc. lifted its stake in shares of Dominion Energy by 8.9% in the 4th quarter. Wedbush Securities Inc. now owns 10,760 shares of the utilities provider's stock valued at $580,000 after purchasing an additional 876 shares during the period. Aster Capital Management DIFC Ltd boosted its position in shares of Dominion Energy by 77.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,287 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 563 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Dominion Energy by 6.8% in the fourth quarter. Invesco Ltd. now owns 10,959,325 shares of the utilities provider's stock worth $590,269,000 after purchasing an additional 701,653 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on D shares. Morgan Stanley dropped their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price 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, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $59.14.

Dominion Energy Price Performance

NYSE D traded up $0.71 during trading on Thursday, hitting $61.68. 5,413,687 shares of the stock traded hands, compared to its average volume of 4,886,368. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.98. The firm has a 50-day simple moving average of $57.09 and a 200-day simple moving average of $55.55. The company has a market capitalization of $52.64 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data 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 9.68% and a net margin of 16.45%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy's dividend payout ratio is currently 92.07%.

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.