Dominion Energy, Inc. (NYSE:D) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its stake in Dominion Energy, Inc. (NYSE:D – Get Rating) by 143.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 37,532 shares of the utilities provider’s stock after buying an additional 22,105 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dominion Energy were worth $2,594,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Dominion Energy in the third quarter worth approximately $5,443,000. D L Carlson Investment Group Inc. boosted its position in shares of Dominion Energy by 1.6% in the third quarter. D L Carlson Investment Group Inc. now owns 51,528 shares of the utilities provider’s stock worth $3,561,000 after acquiring an additional 815 shares during the last quarter. National Pension Service lifted its position in Dominion Energy by 5.3% during the third quarter. National Pension Service now owns 1,264,672 shares of the utilities provider’s stock valued at $89,868,000 after buying an additional 63,719 shares in the last quarter. M&T Bank Corp lifted its position in Dominion Energy by 3.5% during the third quarter. M&T Bank Corp now owns 174,515 shares of the utilities provider’s stock valued at $12,061,000 after buying an additional 5,931 shares in the last quarter. Finally, Whalerock Point Partners LLC lifted its position in Dominion Energy by 18.2% during the third quarter. Whalerock Point Partners LLC now owns 3,152 shares of the utilities provider’s stock valued at $218,000 after buying an additional 485 shares in the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Credit Suisse Group reduced their price target on shares of Dominion Energy from $67.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 14th. Guggenheim reduced their price target on shares of Dominion Energy from $69.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, February 28th. UBS Group reduced their price target on shares of Dominion Energy from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Dominion Energy from $76.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 11th. Finally, Morgan Stanley dropped their price objective on shares of Dominion Energy from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.50.

Dominion Energy Stock Down 0.9 %

Shares of NYSE:D opened at $55.40 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $59.11 and a 200 day simple moving average of $64.29. The firm has a market cap of $46.27 billion, a PE ratio of 50.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.45. Dominion Energy, Inc. has a 12-month low of $52.92 and a 12-month high of $88.78.

Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 5.79% and a return on equity of 13.35%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 3.99 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Friday, March 3rd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, March 2nd. Dominion Energy’s dividend payout ratio is presently 244.95%.

Dominion Energy Profile

(Get Rating)

Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.