Register Financial Advisors LLC Acquires New Holdings in Dominion Energy, Inc. (NYSE:D)

Register Financial Advisors LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,435 shares of the utilities provider’s stock, valued at approximately $218,000.

Several other hedge funds also recently bought and sold shares of the company. Operose Advisors LLC grew its stake in Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after buying an additional 311 shares in the last quarter. Valley National Advisers Inc. grew its stake in Dominion Energy by 15.1% in the 3rd quarter. Valley National Advisers Inc. now owns 2,862 shares of the utilities provider’s stock worth $128,000 after buying an additional 375 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Dominion Energy by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 367,420 shares of the utilities provider’s stock worth $16,413,000 after buying an additional 1,870 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Dominion Energy by 103.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 52,717 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 26,757 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Dominion Energy by 14.8% in the 3rd quarter. Bank of Nova Scotia now owns 86,661 shares of the utilities provider’s stock worth $3,871,000 after buying an additional 11,194 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.2 %

NYSE:D opened at $49.00 on Friday. The company has a fifty day moving average of $51.64 and a 200 day moving average of $48.73. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $41.04 billion, a P/E ratio of 25.26, a P/E/G ratio of 1.33 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.45%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on D. Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Guggenheim cut their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Scotiabank lowered their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Finally, StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.