Private Advisor Group LLC boosted its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,443 shares of the utilities provider's stock after purchasing an additional 5,890 shares during the period. Private Advisor Group LLC's holdings in Dominion Energy were worth $6,529,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Dominion Energy by 64.3% in 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. Madison Investment Advisors LLC purchased a new stake in Dominion Energy during the fourth quarter worth $1,060,000. Thrivent Financial for Lutherans boosted its holdings in Dominion Energy by 7.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider's stock worth $2,898,000 after buying an additional 3,628 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Dominion Energy by 20.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 251,604 shares of the utilities provider's stock worth $13,551,000 after buying an additional 43,541 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Dominion Energy by 781.8% during the fourth quarter. Teacher Retirement System of Texas now owns 49,485 shares of the utilities provider's stock worth $2,665,000 after buying an additional 43,873 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Performance
D stock traded up $0.86 during mid-day trading on Tuesday, reaching $58.55. The company had a trading volume of 4,017,485 shares, compared to its average volume of 4,800,563. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $49.93 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.26 and a beta of 0.56. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97. The stock's 50-day simple moving average is $56.09 and its two-hundred day simple moving average is $55.07.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. Research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The company 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 was Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.
Analyst Upgrades and Downgrades
D has been the subject of a number of analyst reports. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $58.88.
View Our Latest Stock Analysis on Dominion Energy
About Dominion Energy
(
Free Report)
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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