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

EP Wealth Advisors LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 71.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,975 shares of the utilities provider’s stock after buying an additional 6,654 shares during the quarter. EP Wealth Advisors LLC’s holdings in Dominion Energy were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after purchasing an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.2 %

Shares of NYSE D opened at $55.10 on Friday. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $53.94 and a two-hundred day simple moving average of $55.23. The firm has a market cap of $46.99 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.85%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on D shares. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $58.75.

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.