Dominion Energy, Inc. (NYSE:D) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. increased its stake in Dominion Energy, Inc. (NYSE:D) by 44.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,541 shares of the utilities provider’s stock after buying an additional 3,837 shares during the quarter. Wedbush Securities Inc.’s holdings in Dominion Energy were worth $615,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of D. Caprock Group LLC boosted its position in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after buying an additional 5,525 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Wedmont Private Capital grew its stake in Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 596 shares in the last quarter. Vinva Investment Management Ltd increased its holdings in Dominion Energy by 27.0% during the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at approximately $708,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on D shares. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $54.00.

Dominion Energy Trading Down 0.1 %

Shares of NYSE D opened at $57.17 on Friday. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.13. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock’s 50 day simple moving average is $54.29 and its 200 day simple moving average is $51.49.

Dominion Energy (NYSE:D) last announced 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. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.67%. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.