LPL Financial LLC Boosts Stake in Dominion Energy, Inc. (NYSE:D)

LPL Financial LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 486,756 shares of the utilities provider’s stock after purchasing an additional 2,180 shares during the period. LPL Financial LLC’s holdings in Dominion Energy were worth $35,811,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Smith Asset Management Group LP bought a new stake in Dominion Energy in the 2nd quarter worth $29,000. Laurel Wealth Planning LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Dominion Energy by 83.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 440 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. KB Financial Partners LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $37,000. Finally, Logan Capital Management Inc. bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $38,000. 66.10% of the stock is currently owned by institutional investors.

Shares of NYSE D opened at $73.37 on Thursday. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.98 and a beta of 0.35. Dominion Energy, Inc. has a 12-month low of $67.85 and a 12-month high of $86.95. The firm has a 50 day moving average of $76.12 and a 200 day moving average of $76.45. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.48 billion. Dominion Energy had a return on equity of 12.47% and a net margin of 16.61%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Sell-side analysts predict that Dominion Energy, Inc. will post 3.87 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 20th. Shareholders of record on Friday, September 3rd were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.43%. Dominion Energy’s payout ratio is currently 71.19%.

A number of equities research analysts have recently weighed in on D shares. Morgan Stanley cut their target price on shares of Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, September 17th. KeyCorp lifted their price target on shares of Dominion Energy from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 20th. Mizuho lowered their price target on shares of Dominion Energy from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, July 13th. Scotiabank raised shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $88.00 to $92.00 in a research report on Tuesday, July 6th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $83.90.

Dominion Energy Profile

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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