Rhumbline Advisers Grows Position in Dominion Energy, Inc. (NYSE:D)

Rhumbline Advisers increased its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,479,087 shares of the utilities provider's stock after acquiring an additional 69,118 shares during the period. Rhumbline Advisers owned about 0.17% of Dominion Energy worth $82,932,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its stake in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in Dominion Energy during the 4th quarter worth about $27,000. Finally, Orion Capital Management LLC bought a new position in Dominion Energy in the 4th quarter valued at $27,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.3%

Shares of NYSE D traded down $0.14 during mid-day trading on Thursday, reaching $55.94. 4,821,214 shares of the company were exchanged, compared to its average volume of 4,543,242. The firm has a 50-day moving average of $54.46 and a 200 day moving average of $54.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The stock has a market cap of $47.70 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The company 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 8.99% and a net margin of 16.22%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on D. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Finally, UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target 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.