Tounjian Advisory Partners LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Tounjian Advisory Partners LLC bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,390 shares of the utilities provider's stock, valued at approximately $1,424,000.

Several other large investors have also recently made changes to their positions in D. Pallas Capital Advisors LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth about $650,000. Farther Finance Advisors LLC raised its holdings in Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the period. Greystone Financial Group LLC boosted its position in Dominion Energy by 4.1% during the first quarter. Greystone Financial Group LLC now owns 119,656 shares of the utilities provider's stock worth $6,709,000 after purchasing an additional 4,711 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Dominion Energy by 15.4% in the first quarter. Toth Financial Advisory Corp now owns 118,419 shares of the utilities provider's stock valued at $6,640,000 after purchasing an additional 15,796 shares during the period. Finally, Courier Capital LLC increased its position in shares of Dominion Energy by 13.5% in the first quarter. Courier Capital LLC now owns 30,845 shares of the utilities provider's stock valued at $1,729,000 after buying an additional 3,673 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.5%

NYSE:D traded up $0.29 on Thursday, hitting $55.86. The stock had a trading volume of 4,954,972 shares, compared to its average volume of 4,565,080. The company has a fifty day moving average price of $54.48 and a two-hundred day moving average price of $54.89. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market cap of $47.64 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the firm posted $0.55 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group lifted 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. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.63.

About Dominion Energy

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.