Dominion Energy, Inc. (NYSE:D) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in Dominion Energy, Inc. (NYSE:D) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 477,105 shares of the utilities provider’s stock after purchasing an additional 11,834 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Dominion Energy were worth $24,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. AGF Management Ltd. grew its position in Dominion Energy by 6.7% in the 1st quarter. AGF Management Ltd. now owns 60,959 shares of the utilities provider’s stock valued at $3,408,000 after buying an additional 3,846 shares in the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Dominion Energy by 13.8% in the second quarter. Trust Co. of Toledo NA OH now owns 37,991 shares of the utilities provider’s stock valued at $1,968,000 after buying an additional 4,619 shares during the period. MAI Capital Management boosted its stake in Dominion Energy by 1.7% during the first quarter. MAI Capital Management now owns 16,450 shares of the utilities provider’s stock valued at $920,000 after buying an additional 275 shares in the last quarter. Fifth Third Bancorp grew its holdings in Dominion Energy by 6.7% during the second quarter. Fifth Third Bancorp now owns 79,498 shares of the utilities provider’s stock worth $4,117,000 after acquiring an additional 4,996 shares during the period. Finally, Catalyst Financial Partners LLC raised its position in Dominion Energy by 25.9% in the second quarter. Catalyst Financial Partners LLC now owns 8,942 shares of the utilities provider’s stock worth $463,000 after acquiring an additional 1,837 shares in the last quarter. 70.66% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D opened at $46.42 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 1.14. The firm has a market cap of $38.84 billion, a PE ratio of 23.68, a PEG ratio of 4.00 and a beta of 0.52. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $63.94. The firm’s 50 day moving average price is $43.96 and its 200 day moving average price is $48.76.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Dominion Energy had a return on equity of 10.94% and a net margin of 9.66%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts expect that Dominion Energy, Inc. will post 2.93 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s dividend payout ratio is 136.23%.

Wall Street Analysts Forecast Growth

D has been the subject of several research reports. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Royal Bank of Canada decreased their price target on shares of Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 13th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Wells Fargo & Company decreased their target price on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Scotiabank lowered shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $56.00 to $46.00 in a research note on Monday, October 16th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $50.17.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.