AdvisorNet Financial Inc Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

AdvisorNet Financial Inc grew its stake in Dominion Energy, Inc. (NYSE:D) by 11.5% during the 1st quarter, Holdings Channel reports. The firm owned 4,733 shares of the utilities provider’s stock after purchasing an additional 490 shares during the quarter. AdvisorNet Financial Inc’s holdings in Dominion Energy were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after purchasing an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after buying an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after buying an additional 1,068,996 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group upped 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 raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley dropped their target price on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. 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, Dominion Energy has an average rating of “Hold” and a consensus target price of $58.63.

Dominion Energy Stock Up 1.0%

Shares of NYSE D opened at $56.60 on Monday. The company has a market capitalization of $48.27 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $54.96. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

Dominion Energy Company 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.