Dominion Energy Inc. (NYSE:D) Holdings Lifted by Concord Wealth Partners

Concord Wealth Partners raised its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 97.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,637 shares of the utilities provider's stock after buying an additional 7,220 shares during the quarter. Concord Wealth Partners' holdings in Dominion Energy were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after purchasing an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Dominion Energy by 4.9% during 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 purchasing an additional 1,459,926 shares during the period. Geode Capital Management LLC raised its position in shares of Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after purchasing an additional 601,900 shares during the period. Bank of New York Mellon Corp raised its position in shares of Dominion Energy by 6.3% during 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 purchasing an additional 939,835 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Dominion Energy by 2.9% during 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 purchasing an additional 336,747 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

NYSE D traded up $0.48 on Friday, reaching $58.09. 5,451,460 shares of the stock traded hands, compared to its average volume of 4,789,320. The firm's fifty day simple moving average is $56.03 and its 200 day simple moving average is $55.03. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The company has a market cap of $49.54 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 1.24 and a beta of 0.56. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 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 during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued 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 4.60%. Dominion Energy's payout ratio is currently 100.00%.

Analysts Set New Price Targets

D has been the subject of a number of recent analyst reports. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, Morgan Stanley decreased their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus target price of $58.88.

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.