Simmons Bank Boosts Stock Holdings in Dominion Energy Inc. (NYSE:D)

Simmons Bank lifted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 39.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,696 shares of the utilities provider's stock after purchasing an additional 6,386 shares during the quarter. Simmons Bank's holdings in Dominion Energy were worth $1,273,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Dominion Energy by 450.0% during the 4th 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 during the period. Fairway Wealth LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised shares of 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. Finally, UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.38.

Dominion Energy Stock Down 0.7%

D traded down $0.40 during trading on Monday, hitting $56.46. The stock had a trading volume of 4,271,938 shares, compared to its average volume of 4,764,198. The stock has a 50 day simple moving average of $55.57 and a two-hundred day simple moving average of $54.83. 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 Inc. has a twelve month low of $48.07 and a twelve month high of $61.97. The company has a market capitalization of $48.15 billion, a PE ratio of 21.15, a PEG ratio of 1.23 and a beta of 0.56.

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

Dominion Energy Dividend Announcement

The firm also recently declared 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.

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.