IFG Advisory LLC Takes $272,000 Position in Dominion Energy, Inc. (NYSE:D)

IFG Advisory LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,543 shares of the utilities provider’s stock, valued at approximately $272,000.

A number of other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Dominion Energy in the second quarter worth about $27,000. Rise Advisors LLC purchased a new position in Dominion Energy in the first quarter worth about $30,000. LRI Investments LLC purchased a new position in Dominion Energy in the first quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in Dominion Energy in the second quarter worth about $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in Dominion Energy in the second quarter worth about $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $55.90 on Tuesday. The company has a 50 day moving average price of $52.97 and a 200-day moving average price of $50.94. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60. The company has a market capitalization of $46.90 billion, a PE ratio of 28.81, a P/E/G ratio of 1.50 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.