Financial Advocates Investment Management Increases Position in Dominion Energy, Inc. (NYSE:D)

Financial Advocates Investment Management increased its stake in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,628 shares of the utilities provider’s stock after acquiring an additional 1,889 shares during the quarter. Financial Advocates Investment Management’s holdings in Dominion Energy were worth $1,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC increased its stake in Dominion Energy by 13.3% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,585 shares of the utilities provider’s stock worth $445,000 after buying an additional 657 shares during the period. Greenleaf Trust increased its position in Dominion Energy by 18.2% during the 2nd quarter. Greenleaf Trust now owns 10,642 shares of the utilities provider’s stock valued at $849,000 after purchasing an additional 1,642 shares during the period. Syverson Strege & Co purchased a new position in Dominion Energy during the 2nd quarter valued at about $33,000. Congress Wealth Management LLC DE purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $412,000. Finally, Azimuth Capital Investment Management LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $935,000. Institutional investors own 69.75% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $61.03 on Thursday. The business’s 50 day moving average price is $68.04 and its 200-day moving average price is $76.56. The firm has a market cap of $50.86 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 0.46. Dominion Energy, Inc. has a fifty-two week low of $57.95 and a fifty-two week high of $88.78. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.57 and a current ratio of 0.71.

Dominion Energy (NYSE:DGet Rating) last issued its quarterly earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company earned $1.11 EPS. Dominion Energy’s quarterly revenue was up 38.1% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.67 annualized dividend and a dividend yield of 4.37%. Dominion Energy’s dividend payout ratio is presently 95.70%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho decreased their price objective on shares of Dominion Energy from $81.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, October 6th. BMO Capital Markets upped their target price on shares of Dominion Energy from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. The Goldman Sachs Group upgraded shares of Dominion Energy from a “sell” rating to a “neutral” rating and dropped their price target for the company from $72.00 to $69.00 in a research note on Sunday, November 13th. Guggenheim decreased their price target on Dominion Energy from $90.00 to $75.00 in a report on Monday, October 24th. Finally, Credit Suisse Group cut Dominion Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $76.00 to $69.00 in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $75.08.

Dominion Energy Company Profile

(Get Rating)

Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Featured Stories

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:DGet Rating).

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

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.