Dominion Energy Inc. (NYSE:D) Stake Boosted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Dominion Energy by 1.3% in Q1, now owning 5.38 million shares valued at $301.82 million.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, equating to an annualized dividend yield of 4.3%, with a payout ratio of 92.07%.
• Despite reporting a quarterly EPS of $0.75, Dominion Energy missed analyst estimates of $0.77, although its revenue increased by 9.3% year-over-year.

Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,382,909 shares of the utilities provider's stock after purchasing an additional 68,749 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.63% of Dominion Energy worth $301,820,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages have recently commented on D. JPMorgan Chase & Co. raised their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley lowered their price target 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Price Performance

NYSE:D traded down $0.17 during mid-day trading on Tuesday, reaching $61.32. 3,429,740 shares of the stock were exchanged, compared to its average volume of 5,363,376. The business has a fifty day moving average price of $57.29 and a 200 day moving average price of $55.68. The firm has a market capitalization of $52.33 billion, a PE ratio of 21.14, a PEG ratio of 1.34 and a beta of 0.57. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.26. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. Dominion Energy's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Research analysts expect 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. Investors 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 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

About Dominion Energy

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.