Dominion Energy Inc. (NYSE:D) Position Boosted by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Dominion Energy by 20%, owning approximately $53.24 million worth of shares after purchasing an additional 158,233 shares in the first quarter.
• Dominion Energy reported a quarterly EPS of $0.93, exceeding expectations, with a 12.2% year-over-year revenue increase to $4.08 billion.
• The company declared a quarterly dividend of $0.6675 per share, translating to a 4.6% dividend yield, with a payout ratio of 100%.

LPL Financial LLC boosted its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 949,525 shares of the utilities provider's stock after purchasing an additional 158,233 shares during the period. LPL Financial LLC owned approximately 0.11% of Dominion Energy worth $53,240,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 378 shares during the period. Orion Capital Management LLC purchased a new position in Dominion Energy during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in Dominion Energy during the 1st quarter valued at $28,000. Park Square Financial Group LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at $27,000. Finally, Navigoe LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $29,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $58.47 on Friday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The stock's 50-day moving average is $56.61 and its two-hundred day moving average is $55.33. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The firm has a market cap of $49.86 billion, a P/E ratio of 21.90, a PEG ratio of 1.26 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. Analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders 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 dividend yield of 4.6%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. 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 research note on Tuesday, July 15th. Morgan Stanley dropped their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One investment 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 data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.

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