Rowlandmiller & PARTNERS.ADV Purchases 250 Shares of Dominion Energy, Inc. (NYSE:D)

Rowlandmiller & PARTNERS.ADV lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,810 shares of the utilities provider’s stock after acquiring an additional 250 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Dominion Energy were worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Norges Bank bought a new position in Dominion Energy in the 4th quarter worth about $473,354,000. American Century Companies Inc. boosted its position in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $72,269,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.1%

D stock opened at $55.59 on Wednesday. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The business has a fifty day moving average price of $54.42 and a 200-day moving average price of $54.89. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $47.40 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.22 and a beta of 0.56.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley dropped their price target on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.63.

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.