Cetera Advisors LLC Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

Cetera Advisors LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 78.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,824 shares of the utilities provider’s stock after purchasing an additional 33,819 shares during the period. Cetera Advisors LLC’s holdings in Dominion Energy were worth $3,779,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in Dominion Energy by 177.9% in the first quarter. Cetera Investment Advisers now owns 224,653 shares of the utilities provider’s stock valued at $11,051,000 after purchasing an additional 143,821 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Dominion Energy by 17.1% during the 1st quarter. Atria Investments Inc now owns 110,717 shares of the utilities provider’s stock valued at $5,446,000 after buying an additional 16,160 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Dominion Energy during the first quarter worth approximately $30,000. Arrow Financial Corp increased its stake in shares of Dominion Energy by 5.9% in the first quarter. Arrow Financial Corp now owns 24,196 shares of the utilities provider’s stock worth $1,190,000 after buying an additional 1,341 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Dominion Energy in the first quarter valued at $218,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.2 %

Shares of D traded up $0.64 during midday trading on Friday, hitting $56.08. The stock had a trading volume of 5,501,213 shares, compared to its average volume of 3,327,657. The business has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $49.37. The firm has a market cap of $46.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on D shares. Evercore ISI lifted their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. BMO Capital Markets lowered their target price on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. Barclays reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. Finally, Wells Fargo & Company increased their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.64.

Dominion Energy Company 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.