11,599 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,599 shares of the utilities provider's stock, valued at approximately $650,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares in the last quarter. Greystone Financial Group LLC increased its stake in Dominion Energy by 4.1% during the first quarter. Greystone Financial Group LLC now owns 119,656 shares of the utilities provider's stock worth $6,709,000 after purchasing an additional 4,711 shares during the period. Toth Financial Advisory Corp lifted its position in shares of Dominion Energy by 15.4% during the first quarter. Toth Financial Advisory Corp now owns 118,419 shares of the utilities provider's stock worth $6,640,000 after purchasing an additional 15,796 shares in the last quarter. Courier Capital LLC lifted its position in shares of Dominion Energy by 13.5% during the first quarter. Courier Capital LLC now owns 30,845 shares of the utilities provider's stock worth $1,729,000 after purchasing an additional 3,673 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $224,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.32 during mid-day trading on Friday, hitting $55.59. 1,491,799 shares of the company were exchanged, compared to its average volume of 4,557,362. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $47.41 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The stock has a 50 day simple moving average of $54.58 and a 200-day simple moving average of $54.87. 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. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. 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.com, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $58.63.

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.