Dynamic Advisor Solutions LLC Buys 193 Shares of Dominion Energy Inc. (NYSE:D)

Dynamic Advisor Solutions LLC boosted its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,022 shares of the utilities provider’s stock after buying an additional 193 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Dominion Energy were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. raised its stake in shares of Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 590 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock worth $680,000 after acquiring an additional 6,462 shares in the last quarter. Allworth Financial LP raised its stake in shares of Dominion Energy by 11.7% during the 4th quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider’s stock worth $1,124,000 after acquiring an additional 2,226 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Dominion Energy by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider’s stock worth $481,728,000 after acquiring an additional 225,339 shares in the last quarter. Finally, Oak Grove Capital LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $11,378,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley dropped their target price on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.38.

Dominion Energy Stock Performance

NYSE:D opened at $54.18 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The company has a fifty day moving average of $54.91 and a two-hundred day moving average of $54.72. The stock has a market capitalization of $46.21 billion, a PE ratio of 20.29, a P/E/G ratio of 1.18 and a beta of 0.56. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

About Dominion Energy

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.