Advocate Group LLC Has $7.73 Million Stake in Dominion Energy Inc. (NYSE:D)

Advocate Group LLC lowered its position in Dominion Energy Inc. (NYSE:D) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,779 shares of the utilities provider’s stock after selling 588 shares during the period. Dominion Energy accounts for 1.4% of Advocate Group LLC’s portfolio, making the stock its 28th largest holding. Advocate Group LLC’s holdings in Dominion Energy were worth $7,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after buying an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. Geode Capital Management LLC boosted its position in Dominion Energy by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after purchasing an additional 601,900 shares during the period. Bank of New York Mellon Corp grew its holdings in Dominion Energy by 7.7% during the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after purchasing an additional 1,068,996 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Dominion Energy by 2.9% in the fourth quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider’s stock valued at $643,422,000 after purchasing an additional 336,747 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

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

Dominion Energy Stock Up 0.0%

D stock opened at $54.20 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 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The company has a market cap of $46.22 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The business’s 50-day simple moving average is $54.94 and its 200 day simple moving average is $54.70.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

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.