Dominion Energy, Inc. (NYSE:D) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 109.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,537 shares of the utilities provider's stock after acquiring an additional 49,913 shares during the quarter. Exchange Traded Concepts LLC's holdings in Dominion Energy were worth $5,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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 in the last quarter. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $26,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

D stock opened at $55.49 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The stock's 50 day moving average is $54.70 and its two-hundred day moving average is $54.78. The company has a market capitalization of $47.32 billion, a PE ratio of 20.55, a P/E/G ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating 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 business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share 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. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.81%. Dominion Energy's dividend payout ratio (DPR) is 100.00%.

Analysts Set New Price Targets

Several brokerages recently commented on D. UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley dropped their target price on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.

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