Salem Investment Counselors Inc. boosted its position in Dominion Energy Inc. (NYSE:D) by 123.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,233 shares of the utilities provider’s stock after buying an additional 5,092 shares during the period. Salem Investment Counselors Inc.’s holdings in Dominion Energy were worth $714,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its position in Dominion Energy by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 3,081 shares of the utilities provider’s stock worth $239,000 after buying an additional 78 shares during the period. Bank of Montreal Can increased its position in Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock worth $33,581,000 after buying an additional 27,629 shares during the period. Regentatlantic Capital LLC increased its position in Dominion Energy by 1.9% in the first quarter. Regentatlantic Capital LLC now owns 8,082 shares of the utilities provider’s stock worth $627,000 after buying an additional 147 shares during the period. Orrstown Financial Services Inc. increased its position in Dominion Energy by 5.6% in the first quarter. Orrstown Financial Services Inc. now owns 12,352 shares of the utilities provider’s stock worth $958,000 after buying an additional 651 shares during the period. Finally, First National Bank of Omaha increased its position in Dominion Energy by 12.3% in the first quarter. First National Bank of Omaha now owns 3,650 shares of the utilities provider’s stock worth $283,000 after buying an additional 400 shares during the period. 66.12% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Inc. (D) traded down 0.40% during midday trading on Friday, hitting $77.51. The stock had a trading volume of 381,479 shares. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock has a market capitalization of $49.81 billion, a PE ratio of 22.43 and a beta of 0.28. The stock’s 50-day moving average is $77.11 and its 200-day moving average is $77.21.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.88%. Dominion Energy’s dividend payout ratio is currently 87.28%.

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D has been the subject of a number of recent research reports. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 price target (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Morgan Stanley cut their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy has an average rating of “Hold” and an average target price of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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