IFP Advisors Inc Buys 11,570 Shares of Dominion Energy Inc. (NYSE:D)

IFP Advisors Inc grew its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 208.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,114 shares of the utilities provider's stock after acquiring an additional 11,570 shares during the period. IFP Advisors Inc's holdings in Dominion Energy were worth $960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $27,000. Navigoe LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $29,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $37,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on D. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and an average price target of $58.88.

Dominion Energy Price Performance

Shares of D traded up $0.05 during mid-day trading on Friday, hitting $58.80. 2,908,618 shares of the company traded hands, compared to its average volume of 4,306,502. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97. The stock has a market capitalization of $50.14 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.27 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. The business has a 50-day moving average of $56.47 and a 200 day moving average of $55.21.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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 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 15.55% and a return on equity of 9.51%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.54%. Dominion Energy's payout ratio is 100.00%.

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.