B.O.S.S. Retirement Advisors LLC Makes New $2.12 Million Investment in Dominion Energy, Inc. (NYSE:D)

B.O.S.S. Retirement Advisors LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,982 shares of the utilities provider’s stock, valued at approximately $2,122,000.

Other institutional investors have also added to or reduced their stakes in the company. Buttonwood Financial Advisors Inc. increased its stake in shares of Dominion Energy by 4.7% in the 2nd quarter. Buttonwood Financial Advisors Inc. now owns 18,402 shares of the utilities provider’s stock worth $953,000 after acquiring an additional 819 shares in the last quarter. Dakota Community Bank & Trust NA increased its stake in shares of Dominion Energy by 16.5% in the 2nd quarter. Dakota Community Bank & Trust NA now owns 2,747 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 389 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Dominion Energy by 243.7% in the 2nd quarter. AE Wealth Management LLC now owns 443,413 shares of the utilities provider’s stock worth $22,964,000 after acquiring an additional 314,411 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Dominion Energy by 33.0% in the 2nd quarter. CVA Family Office LLC now owns 4,135 shares of the utilities provider’s stock worth $214,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its stake in shares of Dominion Energy by 13.8% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 37,991 shares of the utilities provider’s stock worth $1,968,000 after acquiring an additional 4,619 shares in the last quarter. 70.66% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D traded down $0.04 on Friday, reaching $48.47. The company’s stock had a trading volume of 7,657,535 shares, compared to its average volume of 4,683,130. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.44. The stock has a market capitalization of $40.56 billion, a P/E ratio of 17.95, a PEG ratio of 3.72 and a beta of 0.46. The stock’s 50 day simple moving average is $50.03 and its two-hundred day simple moving average is $52.89. Dominion Energy, Inc. has a 12-month low of $45.76 and a 12-month high of $81.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Dominion Energy, Inc. will post 3.26 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, August 31st. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $57.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, September 8th. Wells Fargo & Company reduced their price objective on shares of Dominion Energy from $61.00 to $55.00 in a research note on Monday, July 3rd. Royal Bank of Canada reduced their price objective on shares of Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, September 6th. Finally, Barclays began coverage on shares of Dominion Energy in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $52.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $55.15.

About Dominion Energy

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.