Albion Financial Group UT Has $39,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Albion Financial Group UT boosted its position in Dominion Energy, Inc. (NYSE:D) by 300.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the utilities provider’s stock after buying an additional 600 shares during the period. Albion Financial Group UT’s holdings in Dominion Energy were worth $39,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in Dominion Energy during the 3rd quarter valued at $2,554,000. Quadrature Capital Ltd bought a new position in shares of Dominion Energy in the third quarter valued at approximately $990,000. Truist Financial Corp increased its position in shares of Dominion Energy by 15.8% during the third quarter. Truist Financial Corp now owns 766,792 shares of the utilities provider’s stock valued at $34,253,000 after acquiring an additional 104,903 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in Dominion Energy by 113.7% during the third quarter. Axxcess Wealth Management LLC now owns 24,521 shares of the utilities provider’s stock worth $1,095,000 after acquiring an additional 13,048 shares during the period. Finally, Alps Advisors Inc. boosted its position in Dominion Energy by 9.7% in the third quarter. Alps Advisors Inc. now owns 478,773 shares of the utilities provider’s stock worth $21,387,000 after purchasing an additional 42,204 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.3 %

Dominion Energy stock opened at $49.18 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The firm’s fifty day moving average price is $51.54 and its 200-day moving average price is $48.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The stock has a market cap of $41.19 billion, a P/E ratio of 25.35, a PEG ratio of 1.30 and a beta of 0.58.

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

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Analyst Upgrades and Downgrades

D has been the topic of a number of research analyst reports. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Barclays dropped their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.