Mackenzie Financial Corp Increases Holdings in Dominion Energy Inc. (NYSE:D)

Mackenzie Financial Corp raised its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 793,787 shares of the utilities provider's stock after buying an additional 10,326 shares during the quarter. Mackenzie Financial Corp owned about 0.09% of Dominion Energy worth $44,508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $220,000. TCW Group Inc. raised its stake in shares of Dominion Energy by 5.7% in the first quarter. TCW Group Inc. now owns 12,413 shares of the utilities provider's stock worth $696,000 after purchasing an additional 665 shares during the last quarter. LPL Financial LLC raised its stake in shares of Dominion Energy by 20.0% in the first quarter. LPL Financial LLC now owns 949,525 shares of the utilities provider's stock worth $53,240,000 after purchasing an additional 158,233 shares during the last quarter. Inspire Advisors LLC purchased a new position in Dominion Energy during the first quarter valued at approximately $605,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dominion Energy by 4.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 176,247 shares of the utilities provider's stock valued at $9,882,000 after acquiring an additional 7,367 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on D. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Price Performance

D traded up $1.93 during trading on Friday, hitting $60.38. The company's stock had a trading volume of 7,651,932 shares, compared to its average volume of 5,352,334. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $61.97. The business's fifty day simple moving average is $56.61 and its 200 day simple moving average is $55.33. The firm has a market capitalization of $51.49 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.26 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is presently 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.