PDS Planning Inc Purchases Shares of 4,758 Dominion Energy Inc. (NYSE:D)

PDS Planning Inc acquired a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,758 shares of the utilities provider's stock, valued at approximately $267,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $314,000. QRG Capital Management Inc. lifted its position in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after purchasing an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Dominion Energy by 114.8% during the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Dominion Energy by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 265,740 shares of the utilities provider's stock valued at $14,900,000 after buying an additional 21,991 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Dominion Energy by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock valued at $481,728,000 after buying an additional 225,339 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.3%

Shares of Dominion Energy stock opened at $55.88 on Friday. Dominion Energy Inc. has a one year low of $47.99 and a one year high of $61.97. The firm has a fifty day moving average of $55.16 and a two-hundred day moving average of $54.69. The company has a market cap of $47.65 billion, a P/E ratio of 20.93, a PEG ratio of 1.20 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 (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 firm 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 9.51% and a net margin of 15.55%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.78%. Dominion Energy's payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on D. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.38.

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.

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