4,600 Shares in Dominion Energy Inc. $D Bought by Advisory Alpha LLC

Advisory Alpha LLC purchased a new position in Dominion Energy Inc. (NYSE:D) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,600 shares of the utilities provider’s stock, valued at approximately $260,000.

A number of other hedge funds have also modified their holdings of D. Brighton Jones LLC boosted its position in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares during the period. KBC Group NV boosted its position in shares of Dominion Energy by 3.3% in the first quarter. KBC Group NV now owns 67,568 shares of the utilities provider’s stock worth $3,789,000 after purchasing an additional 2,155 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Dominion Energy by 3.7% in the first quarter. Koshinski Asset Management Inc. now owns 7,396 shares of the utilities provider’s stock worth $415,000 after purchasing an additional 262 shares during the period. Private Trust Co. NA boosted its position in shares of Dominion Energy by 8.2% in the first quarter. Private Trust Co. NA now owns 5,183 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 393 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Dominion Energy by 1.6% in the first quarter. First Horizon Advisors Inc. now owns 16,316 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 250 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a research report on Tuesday. They issued an “overweight” rating and a $67.00 price target for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday. Evercore ISI began coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Finally, Barclays raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.78.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.49 on Friday. The company has a market cap of $50.77 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.13 and a beta of 0.62. The firm’s fifty day moving average is $60.29 and its 200 day moving average is $57.93. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.5%. Dominion Energy’s dividend payout ratio is presently 92.07%.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

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.