Centennial Wealth Advisory LLC Purchases 1,653 Shares of Dominion Energy Inc. (NYSE:D)

Centennial Wealth Advisory LLC raised its position in Dominion Energy Inc. (NYSE:D) by 19.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,185 shares of the utilities provider’s stock after buying an additional 1,653 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Dominion Energy were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in D. State of Alaska Department of Revenue grew its stake in Dominion Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 98,461 shares of the utilities provider’s stock valued at $5,520,000 after buying an additional 2,675 shares in the last quarter. LifeWealth Investments LLC boosted its holdings in shares of Dominion Energy by 57.6% in the first quarter. LifeWealth Investments LLC now owns 7,911 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 2,890 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Dominion Energy by 9.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 10,354 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 858 shares in the last quarter. Essex Savings Bank raised its stake in shares of Dominion Energy by 16.2% during the 1st quarter. Essex Savings Bank now owns 5,482 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 766 shares during the period. Finally, Clarius Group LLC lifted its holdings in Dominion Energy by 8.5% during the 1st quarter. Clarius Group LLC now owns 6,348 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley reduced their target price on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $58.38.

Dominion Energy Price Performance

D stock opened at $54.18 on Thursday. The firm has a 50 day simple moving average of $54.86 and a two-hundred day simple moving average of $54.74. The stock has a market cap of $46.21 billion, a PE ratio of 20.29, a P/E/G ratio of 1.17 and a beta of 0.56. Dominion Energy Inc. has a one year low of $47.99 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Dominion Energy Inc. will post 3.39 EPS 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. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

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.