J.W. Cole Advisors Inc. Has $740,000 Position in Dominion Energy, Inc. (NYSE:D)

J.W. Cole Advisors Inc. raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,103 shares of the utilities provider’s stock after purchasing an additional 668 shares during the period. J.W. Cole Advisors Inc.’s holdings in Dominion Energy were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of D. Jump Financial LLC bought a new position in Dominion Energy in the 4th quarter worth approximately $266,000. Dimensional Fund Advisors LP increased its position in Dominion Energy by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,954,284 shares of the utilities provider’s stock worth $91,853,000 after acquiring an additional 361,545 shares during the period. ING Groep NV raised its stake in Dominion Energy by 309,820.0% during the 4th quarter. ING Groep NV now owns 154,960 shares of the utilities provider’s stock valued at $7,283,000 after purchasing an additional 154,910 shares during the last quarter. Norges Bank bought a new stake in Dominion Energy in the 4th quarter valued at $329,792,000. Finally, Coldstream Capital Management Inc. grew its position in Dominion Energy by 7.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 14,752 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.6 %

Shares of NYSE D opened at $58.53 on Tuesday. The business has a fifty day moving average of $54.66 and a two-hundred day moving average of $51.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The stock has a market cap of $49.10 billion, a PE ratio of 30.17, a PEG ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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 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 period in the previous year, the business earned $0.53 earnings per share. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.56%. Dominion Energy’s dividend payout ratio is 137.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on D shares. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $54.11.

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.