Dominion Energy, Inc. (NYSE:D) Stock Holdings Lifted by Platform Technology Partners

Platform Technology Partners raised its stake in Dominion Energy, Inc. (NYSE:D) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,539 shares of the utilities provider’s stock after buying an additional 340 shares during the period. Platform Technology Partners’ holdings in Dominion Energy were worth $444,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. BTC Capital Management Inc. increased its stake in shares of Dominion Energy by 2.3% in the second quarter. BTC Capital Management Inc. now owns 41,020 shares of the utilities provider’s stock worth $2,119,000 after acquiring an additional 928 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of Dominion Energy by 6.0% in the second quarter. Capital Investment Advisors LLC now owns 70,757 shares of the utilities provider’s stock worth $3,665,000 after acquiring an additional 4,018 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Dominion Energy by 12.4% in the second quarter. Flagship Harbor Advisors LLC now owns 4,846 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 534 shares during the last quarter. Czech National Bank increased its stake in shares of Dominion Energy by 0.8% in the second quarter. Czech National Bank now owns 98,958 shares of the utilities provider’s stock worth $5,125,000 after acquiring an additional 796 shares during the last quarter. Finally, City State Bank increased its stake in shares of Dominion Energy by 34.9% in the second quarter. City State Bank now owns 936 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 70.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on D shares. Guggenheim decreased their price objective on shares of Dominion Energy from $63.00 to $60.00 in a report on Friday, July 7th. 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 report on Friday, September 8th. Mizuho decreased their price target on shares of Dominion Energy from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, September 6th. Barclays assumed coverage on shares of Dominion Energy in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $52.00 price target for the company. Finally, BMO Capital Markets decreased their price target on shares of Dominion Energy from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.15.

Dominion Energy Price Performance

Shares of D traded up $0.20 during mid-day trading on Monday, hitting $48.67. 1,313,477 shares of the company traded hands, compared to its average volume of 4,349,216. Dominion Energy, Inc. has a one year low of $45.76 and a one year high of $81.31. The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average of $49.95 and a 200 day moving average of $52.80. The stock has a market capitalization of $40.73 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 3.72 and a beta of 0.46.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Dominion Energy’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.26 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.49%. Dominion Energy’s dividend payout ratio is 98.89%.

Dominion Energy 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.