Farther Finance Advisors LLC Purchases 6,462 Shares of Dominion Energy Inc. (NYSE:D)

Farther Finance Advisors LLC increased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 114.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at about $473,354,000. American Century Companies Inc. grew its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the period. Marshall Wace LLP grew its position in Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA grew its position in Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares during the period. Finally, Zimmer Partners LP purchased a new stake in Dominion Energy during the fourth quarter valued at about $72,269,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 0.8%

Shares of NYSE:D traded up $0.41 during midday trading on Wednesday, reaching $54.18. The company had a trading volume of 10,128,604 shares, compared to its average volume of 4,627,787. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The company has a fifty day simple moving average of $54.86 and a two-hundred day simple moving average of $54.74.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. UBS Group boosted their price target on 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 Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley cut their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $58.38.

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.