Financial Counselors Inc. Raises Stock Holdings in Dominion Energy Inc (NYSE:D)

Financial Counselors Inc. grew its stake in Dominion Energy Inc (NYSE:D) by 35.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 223,207 shares of the utilities provider’s stock after buying an additional 58,590 shares during the quarter. Financial Counselors Inc.’s holdings in Dominion Energy were worth $17,111,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its stake in Dominion Energy by 6.5% in the first quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 136 shares during the last quarter. Dividend Assets Capital LLC boosted its holdings in shares of Dominion Energy by 2.4% in the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares in the last quarter. Versant Capital Management Inc raised its position in Dominion Energy by 12.8% in the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 140 shares during the last quarter. Smithfield Trust Co. raised its position in shares of Dominion Energy by 1.1% during the 1st quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock valued at $981,000 after acquiring an additional 140 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its position in shares of Dominion Energy by 1.3% during the 1st quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock valued at $826,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 63.80% of the company’s stock.

A number of equities analysts have recently commented on the stock. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. KeyCorp began coverage on shares of Dominion Energy in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. Finally, Credit Suisse Group set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research report on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $85.85.

Shares of NYSE:D traded up $0.60 during mid-day trading on Friday, reaching $77.32. 5,692,424 shares of the company’s stock were exchanged, compared to its average volume of 4,382,200. Dominion Energy Inc has a twelve month low of $67.30 and a twelve month high of $79.47. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35. The firm has a market cap of $61.81 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 3.78 and a beta of 0.26. The firm’s fifty day simple moving average is $76.31.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.02). The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Sell-side analysts anticipate that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, June 7th were paid a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Thursday, June 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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