Dominion Energy Inc. (NYSE:D) Holdings Decreased by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,257 shares of the utilities provider's stock after selling 42,415 shares during the period. Wealthfront Advisers LLC's holdings in Dominion Energy were worth $13,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the period. Orion Capital Management LLC purchased a new position in Dominion Energy in the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in Dominion Energy in the 4th quarter valued at $27,000. Navigoe LLC acquired a new position in Dominion Energy in the 4th quarter valued at $29,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Dominion Energy during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on D. UBS Group increased their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. increased their target price on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $58.88.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded up $0.70 during trading on Thursday, hitting $57.87. 2,029,531 shares of the company were exchanged, compared to its average volume of 4,777,090. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average price of $55.97 and a 200 day moving average price of $55.00. The stock has a market capitalization of $49.35 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.23 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last released its 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. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the company earned $0.55 EPS. Dominion Energy's revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

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.