5,961 Shares in Dominion Energy Inc. (NYSE:D) Bought by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. purchased a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,961 shares of the utilities provider's stock, valued at approximately $334,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $473,354,000. Marshall Wace LLP increased its holdings in shares of 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dominion Energy by 4.9% in the 4th 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 purchasing an additional 1,459,926 shares during the last quarter. Zimmer Partners LP acquired a new stake in Dominion Energy in the 4th quarter worth approximately $72,269,000. Finally, Northern Trust Corp grew its position in Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after purchasing an additional 1,330,459 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $58.88.

Dominion Energy Stock Up 1.5%

Shares of NYSE D traded up $0.86 on Tuesday, hitting $58.55. The company had a trading volume of 4,017,585 shares, compared to its average volume of 4,809,730. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97. The firm has a market capitalization of $49.93 billion, a P/E ratio of 21.93, a PEG ratio of 1.25 and a beta of 0.56. The business has a 50 day moving average of $56.09 and a two-hundred day moving average of $55.07.

Dominion Energy (NYSE:D - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. As a group, equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced 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. This represents a $2.67 annualized dividend and a yield of 4.56%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) 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.