Fifth Third Wealth Advisors LLC Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Fifth Third Wealth Advisors LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,797 shares of the utilities provider’s stock after purchasing an additional 3,940 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Dominion Energy were worth $1,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC increased its holdings in shares of Dominion Energy by 42.6% during the 1st quarter. Chesley Taft & Associates LLC now owns 15,227 shares of the utilities provider’s stock valued at $749,000 after purchasing an additional 4,550 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Dominion Energy by 7.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,649 shares of the utilities provider’s stock valued at $5,394,000 after buying an additional 7,670 shares in the last quarter. Sovereign Financial Group Inc. raised its position in shares of Dominion Energy by 4.1% in the first quarter. Sovereign Financial Group Inc. now owns 16,134 shares of the utilities provider’s stock worth $794,000 after acquiring an additional 631 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of Dominion Energy by 48.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,342 shares of the utilities provider’s stock worth $509,000 after acquiring an additional 3,387 shares in the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $8,505,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 1.2 %

Shares of Dominion Energy stock traded down $0.61 on Friday, reaching $49.00. The company had a trading volume of 6,706,211 shares, compared to its average volume of 4,914,094. The firm’s 50 day moving average price is $51.63 and its two-hundred day moving average price is $48.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The firm has a market cap of $41.04 billion, a PE ratio of 25.59, a PEG ratio of 1.32 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business 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. This represents a $2.67 annualized dividend and a dividend yield of 5.45%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on D shares. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Scotiabank lowered their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Mizuho increased their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI lifted their target price 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. Finally, Guggenheim dropped their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.