Dominion Energy Inc. (NYSE:D) Shares Purchased by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC increased its holdings in Dominion Energy by 55.5%, owning 24,960 shares worth approximately $1.4 million as of its latest SEC filing.
• Dominion Energy's recent earnings report revealed an EPS of $0.75, missing the consensus estimate, while the company experienced a 9.3% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, payable to shareholders on September 20th, representing an annual yield of 4.4%.

Plan Group Financial LLC raised its position in Dominion Energy Inc. (NYSE:D - Free Report) by 55.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,960 shares of the utilities provider's stock after acquiring an additional 8,911 shares during the quarter. Plan Group Financial LLC's holdings in Dominion Energy were worth $1,400,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of D. Wills Financial Group LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $4,289,000. MWA Asset Management boosted its stake in shares of Dominion Energy by 11.5% during the 1st quarter. MWA Asset Management now owns 6,860 shares of the utilities provider's stock valued at $385,000 after buying an additional 705 shares during the last quarter. Clearstead Trust LLC boosted its stake in shares of Dominion Energy by 70.1% during the 1st quarter. Clearstead Trust LLC now owns 915 shares of the utilities provider's stock valued at $51,000 after buying an additional 377 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Dominion Energy by 1.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 605,002 shares of the utilities provider's stock valued at $33,922,000 after buying an additional 11,002 shares during the last quarter. Finally, Argent Trust Co boosted its stake in shares of Dominion Energy by 5.5% during the 1st quarter. Argent Trust Co now owns 38,417 shares of the utilities provider's stock valued at $2,154,000 after buying an additional 1,995 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.14.

Dominion Energy Stock Performance

D stock traded up $0.71 during mid-day trading on Thursday, reaching $61.68. The company had a trading volume of 5,413,687 shares, compared to its average volume of 4,886,368. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $52.64 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.32 and a beta of 0.57. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.98. The stock's 50-day simple moving average is $57.09 and its two-hundred day simple moving average is $55.55.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. Research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

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.