Farther Finance Advisors LLC Has $680,000 Position in Dominion Energy, Inc. (NYSE:D)

Farther Finance Advisors LLC boosted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 114.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,089 shares of the utilities provider's stock after purchasing an additional 6,462 shares during the period. Farther Finance Advisors LLC's holdings in Dominion Energy were worth $680,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cadence Bank lifted its position in Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after acquiring an additional 189 shares during the last quarter. Choate Investment Advisors raised its position in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after buying an additional 198 shares during the last quarter. Centre Asset Management LLC raised its position in shares of Dominion Energy by 3.3% during the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after buying an additional 198 shares during the last quarter. Eagle Strategies LLC raised its position in shares of Dominion Energy by 6.0% during the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after buying an additional 212 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after buying an additional 217 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on D. Morgan Stanley dropped their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. 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 research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $58.63.

Dominion Energy Price Performance

Dominion Energy stock traded down $0.42 during trading hours on Friday, hitting $55.49. 4,288,998 shares of the stock were exchanged, compared to its average volume of 4,584,395. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a market capitalization of $47.32 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.22 and a beta of 0.56. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The business's 50-day moving average is $54.70 and its two-hundred day moving average is $54.82.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.81%. Dominion Energy's dividend payout ratio is currently 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.