610 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Rise Advisors LLC

Rise Advisors LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 610 shares of the utilities provider’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the last quarter. Capital Research Global Investors grew its position in shares of Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Norges Bank acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $329,792,000. ClearBridge Investments Ltd acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $214,220,000. Finally, JPMorgan Chase & Co. grew its position in shares of Dominion Energy by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $49.81 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The business’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $48.63. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Ratings Changes

D has been the topic of several research analyst reports. Evercore ISI raised their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. BMO Capital Markets raised their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.