Dominion Energy, Inc. (NYSE:D) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 125.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,749 shares of the utilities provider's stock after acquiring an additional 135,637 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Dominion Energy were worth $13,128,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of D. Vanguard Group Inc. raised its holdings in Dominion Energy by 0.8% in 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 boosted its holdings in Dominion Energy by 4.9% in 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 buying an additional 1,459,926 shares during the period. JPMorgan Chase & Co. boosted its holdings in Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC raised its holdings in Dominion Energy by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after acquiring an additional 1,068,996 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 0.7%

NYSE D traded down $0.37 during trading on Wednesday, hitting $56.32. The company's stock had a trading volume of 1,405,060 shares, compared to its average volume of 4,530,086. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The company has a market cap of $48.03 billion, a PE ratio of 20.86, a P/E/G ratio of 1.22 and a beta of 0.57. 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 business's 50 day simple moving average is $54.44 and its 200-day simple moving average is $54.96.

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 the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.74%. Dominion Energy's dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group boosted their price target on shares of 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 shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $58.63.

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.