Dominion Energy Inc. (NYSE:D) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 22.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,894 shares of the utilities provider's stock after purchasing an additional 10,011 shares during the period. Kestra Private Wealth Services LLC's holdings in Dominion Energy were worth $3,022,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Dominion Energy by 7.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider's stock valued at $2,898,000 after acquiring an additional 3,628 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Dominion Energy by 781.8% during the 4th quarter. Teacher Retirement System of Texas now owns 49,485 shares of the utilities provider's stock valued at $2,665,000 after acquiring an additional 43,873 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $62,000. Finally, Virtu Financial LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $752,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.5%

Shares of NYSE D traded up $0.86 during mid-day trading on Tuesday, reaching $58.55. 4,017,585 shares of the company's stock were exchanged, compared to its average volume of 4,809,730. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.25 and a beta of 0.56. 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 52-week low of $48.07 and a 52-week high of $61.97. The company's 50-day moving average is $56.09 and its 200-day moving average is $55.07.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $58.88.

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.