Envestnet Portfolio Solutions Inc. Has $610,000 Position in Dominion Energy Inc. (NYSE:D)

Envestnet Portfolio Solutions Inc. reduced its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 56.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,887 shares of the utilities provider's stock after selling 13,890 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Dominion Energy were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Investment Counsel LLC boosted its position in shares of Dominion Energy by 6.1% in the first quarter. Sterling Investment Counsel LLC now owns 4,351 shares of the utilities provider's stock valued at $244,000 after acquiring an additional 250 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of Dominion Energy by 4.2% in the first quarter. Premier Path Wealth Partners LLC now owns 8,787 shares of the utilities provider's stock valued at $493,000 after acquiring an additional 355 shares during the period. Centennial Wealth Advisory LLC boosted its position in shares of Dominion Energy by 19.4% in the first quarter. Centennial Wealth Advisory LLC now owns 10,185 shares of the utilities provider's stock valued at $571,000 after acquiring an additional 1,653 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Dominion Energy by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 98,461 shares of the utilities provider's stock valued at $5,520,000 after acquiring an additional 2,675 shares during the period. Finally, LifeWealth Investments LLC boosted its position in shares of Dominion Energy by 57.6% in the first quarter. LifeWealth Investments LLC now owns 7,911 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 2,890 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.1%

D stock opened at $55.24 on Friday. The stock has a market capitalization of $47.11 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The firm has a 50-day moving average price of $55.11 and a 200-day moving average price of $54.69.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a $0.6675 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.83%. Dominion Energy's dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. 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 company currently has an average rating of "Hold" and a consensus target price of $58.38.

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.

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