Dominion Energy, Inc. (NYSE:D) Holdings Raised by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC grew its position in Dominion Energy, Inc. (NYSE:DGet Rating) by 11.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,925 shares of the utilities provider’s stock after acquiring an additional 2,337 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Dominion Energy were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Waratah Capital Advisors Ltd. bought a new position in Dominion Energy during the 1st quarter worth $1,542,000. Teacher Retirement System of Texas grew its stake in Dominion Energy by 5.2% during the 1st quarter. Teacher Retirement System of Texas now owns 199,573 shares of the utilities provider’s stock worth $16,958,000 after buying an additional 9,946 shares during the last quarter. Lake Street Financial LLC bought a new position in Dominion Energy during the 1st quarter worth $882,000. Andesa Financial Management Inc. bought a new position in Dominion Energy during the 1st quarter worth $261,000. Finally, Lincoln National Corp boosted its position in Dominion Energy by 10.5% during the 1st quarter. Lincoln National Corp now owns 13,021 shares of the utilities provider’s stock worth $1,106,000 after acquiring an additional 1,236 shares during the period. 68.39% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 0.4 %

Shares of NYSE D traded down $0.32 during mid-day trading on Friday, hitting $82.57. 2,529,754 shares of the company traded hands, compared to its average volume of 2,787,850. Dominion Energy, Inc. has a 1 year low of $70.37 and a 1 year high of $88.78. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.18 and a beta of 0.41. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average of $79.37 and a two-hundred day moving average of $81.32.

Dominion Energy (NYSE:DGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.01). The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.31 billion. Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 4.11 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 1st. Dominion Energy’s payout ratio is 74.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on D. Morgan Stanley boosted their price target on Dominion Energy from $78.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. KeyCorp upped their price objective on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Barclays cut their price objective on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. UBS Group cut their price objective on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Finally, Mizuho cut their price objective on Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.17.

Dominion Energy Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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