Lido Advisors LLC Has $1.45 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Lido Advisors LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,909 shares of the utilities provider's stock after buying an additional 5,613 shares during the quarter. Lido Advisors LLC's holdings in Dominion Energy were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC lifted its position in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 184 shares during the period. Cadence Bank boosted its stake in Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after acquiring an additional 189 shares during the last quarter. Choate Investment Advisors grew its holdings in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after acquiring an additional 198 shares during the period. Covestor Ltd raised its position in shares of Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 217 shares during the last quarter. Finally, Meridian Financial Partners LLC boosted its holdings in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock worth $752,000 after buying an additional 219 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.4 %

Shares of NYSE D traded up $0.75 during trading hours on Wednesday, hitting $55.43. The company had a trading volume of 741,261 shares, compared to its average volume of 4,383,602. The firm's 50 day moving average is $53.99 and its 200-day moving average is $55.34. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The stock has a market capitalization of $47.24 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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 (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.22.

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.