Dominion Energy Inc. (NYSE:D) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its position in Dominion Energy Inc. (NYSE:D) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,455 shares of the utilities provider’s stock after buying an additional 995 shares during the period. OneDigital Investment Advisors LLC’s holdings in Dominion Energy were worth $1,371,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Fairway Wealth LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $56.46 on Tuesday. The company has a 50-day moving average of $55.63 and a 200-day moving average of $54.85. The company has a market capitalization of $48.15 billion, a P/E ratio of 21.15, a PEG ratio of 1.23 and a beta of 0.56. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73.

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, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS 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 given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of 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, Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $58.38.

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.