Retirement Planning Co of New England Inc. Buys Shares of 6,252 Dominion Energy Inc. (NYSE:D)

Retirement Planning Co of New England Inc. purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,252 shares of the utilities provider's stock, valued at approximately $351,000.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after buying an additional 3,553 shares during the period. Madison Investment Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $1,060,000. Parallel Advisors LLC increased its holdings in Dominion Energy by 7.2% in the 4th quarter. Parallel Advisors LLC now owns 9,833 shares of the utilities provider's stock worth $530,000 after buying an additional 664 shares during the period. Thrivent Financial for Lutherans raised its position in Dominion Energy by 7.3% during the 4th 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 during the last quarter. Finally, Horizon Investments LLC lifted its stake in Dominion Energy by 1.9% during the 4th quarter. Horizon Investments LLC now owns 15,827 shares of the utilities provider's stock valued at $852,000 after acquiring an additional 294 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.9%

Shares of NYSE:D opened at $57.71 on Friday. The firm has a market capitalization of $49.22 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The business's 50 day moving average price is $56.03 and its 200-day moving average price is $55.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.6675 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

D has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. 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. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.88.

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.

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