Wealth Enhancement Advisory Services LLC Acquires 21,991 Shares of Dominion Energy Inc. (NYSE:D)

Wealth Enhancement Advisory Services LLC boosted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,740 shares of the utilities provider's stock after acquiring an additional 21,991 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Dominion Energy were worth $14,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter valued at about $26,000. Fairway Wealth LLC purchased a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Finally, Orion Capital Management LLC purchased a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One equities research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.38.

Dominion Energy Trading Up 0.0%

Shares of D stock opened at $54.20 on Monday. The company has a 50 day moving average of $54.94 and a 200-day moving average of $54.68. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm has a market cap of $46.22 billion, a P/E ratio of 20.30, a PEG ratio of 1.18 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 earnings per share for the quarter, beating 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 business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the business earned $0.55 EPS. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. Dominion Energy's dividend payout ratio is 100.00%.

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.

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