ERTS Wealth Advisors LLC boosted its holdings in Dominion Energy Inc (NYSE:D) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,795 shares of the utilities provider’s stock after acquiring an additional 565 shares during the period. ERTS Wealth Advisors LLC’s holdings in Dominion Energy were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of D. Comerica Securities Inc. raised its position in shares of Dominion Energy by 23.9% in the fourth quarter. Comerica Securities Inc. now owns 8,878 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 1,714 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Dominion Energy by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,131 shares of the utilities provider’s stock valued at $87,429,000 after purchasing an additional 62,702 shares during the period. Geode Capital Management LLC raised its position in shares of Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after purchasing an additional 1,697,619 shares during the period. USS Investment Management Ltd acquired a new stake in shares of Dominion Energy in the first quarter worth $35,444,000. Finally, Cornerstone Advisors Inc. grew its stake in shares of Dominion Energy by 21.4% in the first quarter. Cornerstone Advisors Inc. now owns 2,142 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 377 shares during the last quarter. Institutional investors and hedge funds own 65.23% of the company’s stock.
D traded up $0.13 during trading on Friday, reaching $78.67. 422,499 shares of the company’s stock were exchanged, compared to its average volume of 3,386,098. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $79.47. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $76.25 and a 200 day moving average price of $76.30. The company has a market capitalization of $61.87 billion, a P/E ratio of 19.42, a PEG ratio of 3.84 and a beta of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.67%. Dominion Energy’s dividend payout ratio is currently 90.62%.
Several brokerages have recently issued reports on D. ValuEngine downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. KeyCorp began coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Thursday, July 4th. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley set a $84.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $79.58.
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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