SOA Wealth Advisors LLC. Purchases 482 Shares of Dominion Energy, Inc. (NYSE:D)

SOA Wealth Advisors LLC. lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 24.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,416 shares of the utilities provider’s stock after purchasing an additional 482 shares during the period. SOA Wealth Advisors LLC.’s holdings in Dominion Energy were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Nations Financial Group Inc. IA ADV raised its position in shares of Dominion Energy by 1.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 128 shares in the last quarter. Golden State Equity Partners raised its holdings in Dominion Energy by 1.7% in the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after purchasing an additional 129 shares in the last quarter. Covestor Ltd lifted its position in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after buying an additional 131 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Dominion Energy by 0.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 132 shares in the last quarter. Finally, Ergoteles LLC grew its position in shares of Dominion Energy by 3.2% in the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 70.66% of the company’s stock.

Dominion Energy Stock Up 0.6 %

Shares of Dominion Energy stock traded up $0.28 on Friday, reaching $48.79. The stock had a trading volume of 1,895,157 shares, compared to its average volume of 4,333,601. The company has a quick ratio of 0.44, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $40.83 billion, a P/E ratio of 17.97, a P/E/G ratio of 3.50 and a beta of 0.46. The company has a 50 day moving average price of $50.11 and a 200 day moving average price of $52.92. Dominion Energy, Inc. has a 1 year low of $45.76 and a 1 year high of $81.61.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 4th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. Dominion Energy had a return on equity of 11.94% and a net margin of 12.71%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.41 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a $0.6675 dividend. The ex-dividend date is Thursday, August 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.47%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

D has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on Dominion Energy from $61.00 to $55.00 in a report on Monday, July 3rd. Barclays initiated coverage on shares of Dominion Energy in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $52.00 price objective for the company. Royal Bank of Canada cut their target price on Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Wednesday. BMO Capital Markets lowered their price target on Dominion Energy from $54.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, Scotiabank reduced their price objective on Dominion Energy from $68.00 to $60.00 and set a “sector outperform” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $55.15.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.