EverSource Wealth Advisors LLC Has $1.02 Million Position in Dominion Energy, Inc. (NYSE:D)

EverSource Wealth Advisors LLC grew its position in Dominion Energy, Inc. (NYSE:D) by 89.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,991 shares of the utilities provider’s stock after purchasing an additional 8,974 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dominion Energy were worth $1,015,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter worth $27,000. Rise Advisors LLC bought a new position in Dominion Energy during the 1st quarter worth about $30,000. LRI Investments LLC bought a new position in Dominion Energy during the 1st quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the second quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy in the second quarter valued at about $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $57.93 on Monday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The firm has a market capitalization of $48.52 billion, a PE ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The business’s 50-day simple moving average is $55.23 and its 200 day simple moving average is $52.02.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. As a group, sell-side analysts expect 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 Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s dividend payout ratio is 137.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on D. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price target on the stock. Nine 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, the company presently has an average rating of “Hold” and a consensus target price of $54.50.

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.