Quotient Wealth Partners LLC Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Quotient Wealth Partners LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,739 shares of the utilities provider’s stock after purchasing an additional 893 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Dominion Energy were worth $379,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Dominion Energy in the first quarter valued at approximately $30,000. LRI Investments LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at about $30,000. Triad Wealth Partners LLC purchased a new position in Dominion Energy in the second quarter worth approximately $33,000. Opal Wealth Advisors LLC acquired a new position in Dominion Energy during the 2nd quarter worth approximately $35,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $37,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D traded up $0.03 during trading on Friday, reaching $56.47. The company’s stock had a trading volume of 2,021,702 shares, compared to its average volume of 4,537,369. The business’s fifty day moving average price is $52.18 and its 200-day moving average price is $50.38. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.60. 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 firm has a market cap of $47.30 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 1.50 and a beta of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a $0.6675 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.73%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Mizuho boosted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $54.00.

Dominion Energy 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.