Archer Investment Corp Has $44,000 Stock Holdings in Dominion Energy Inc. (NYSE:D)

Archer Investment Corp raised its holdings in Dominion Energy Inc. (NYSE:D) by 126.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 778 shares of the utilities provider’s stock after purchasing an additional 434 shares during the quarter. Archer Investment Corp’s holdings in Dominion Energy were worth $44,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of D. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $473,354,000. American Century Companies Inc. boosted its holdings 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 in the last quarter. Marshall Wace LLP boosted its holdings 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 in the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of Dominion Energy during the 4th quarter valued at $72,269,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $58.09 on Friday. The company has a market cap of $49.54 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The business has a 50 day moving average price of $56.09 and a 200-day moving average price of $55.06. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.60%. Dominion Energy’s dividend payout ratio is 100.00%.

Analysts Set New Price Targets

Several research analysts have commented on the company. 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 raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley cut 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, June 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $58.88.

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.