Greystone Financial Group LLC Has $6.71 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Greystone Financial Group LLC raised its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,656 shares of the utilities provider's stock after buying an additional 4,711 shares during the period. Greystone Financial Group LLC's holdings in Dominion Energy were worth $6,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake 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 valued at $25,000 after buying an additional 378 shares during the period. Cape Investment Advisory Inc. raised its stake in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at approximately $26,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Finally, Orion Capital Management LLC bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley lowered their target price on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $58.63.

Dominion Energy Price Performance

Dominion Energy stock traded up $0.29 during mid-day trading on Thursday, reaching $55.86. 4,954,972 shares of the company were exchanged, compared to its average volume of 4,565,080. The company has a fifty day simple moving average of $54.48 and a 200-day simple moving average of $54.89. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $47.64 billion, a PE ratio of 20.69, a PEG ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the company earned $0.55 EPS. The company's revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Dominion Energy 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.