Nadler Financial Group Inc. Makes New $232,000 Investment in Dominion Energy Inc. (NYSE:D)

Nadler Financial Group Inc. bought a new position in Dominion Energy Inc. (NYSE:D) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,132 shares of the utilities provider’s stock, valued at approximately $232,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Dominion Energy by 35.8% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 7,327 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 1,930 shares in the last quarter. Lake Street Advisors Group LLC grew its position in Dominion Energy by 7.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 5,865 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 404 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Dominion Energy by 7.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 4,875 shares of the utilities provider’s stock valued at $263,000 after buying an additional 337 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in shares of Dominion Energy by 10.9% during the 4th quarter. NewEdge Wealth LLC now owns 45,801 shares of the utilities provider’s stock valued at $2,467,000 after acquiring an additional 4,502 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on D. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.38.

Dominion Energy Stock Performance

Shares of NYSE D opened at $55.24 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $55.11 and its two-hundred day moving average is $54.69. The company has a market cap of $47.11 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.20 and a beta of 0.56. Dominion Energy Inc. has a 12 month low of $47.99 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

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.