Greenwood Capital Associates LLC Has $1.58 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Greenwood Capital Associates LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 47.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,157 shares of the utilities provider's stock after purchasing an additional 9,083 shares during the quarter. Greenwood Capital Associates LLC's holdings in Dominion Energy were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in D. Principal Securities Inc. boosted its holdings in shares of Dominion Energy by 3.9% in the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider's stock worth $851,000 after acquiring an additional 590 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Dominion Energy by 12.2% in the 4th quarter. Empowered Funds LLC now owns 16,227 shares of the utilities provider's stock worth $874,000 after acquiring an additional 1,767 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Dominion Energy by 4.2% in the 4th quarter. Savant Capital LLC now owns 12,736 shares of the utilities provider's stock worth $686,000 after acquiring an additional 515 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Dominion Energy by 11.7% in the 4th quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider's stock worth $1,124,000 after acquiring an additional 2,226 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Dominion Energy by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock worth $481,728,000 after acquiring an additional 225,339 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.8%

Shares of D stock traded down $0.42 during trading hours on Friday, reaching $55.49. The company had a trading volume of 4,288,998 shares, compared to its average volume of 4,574,713. The company has a 50 day moving average of $54.70 and a 200 day moving average of $54.85. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $47.32 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.22 and a beta of 0.56. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share 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 the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 4.81%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

Several brokerages have recently commented on D. UBS Group boosted their target price on 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. reaffirmed an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley reduced their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.63.

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.