B. Riley Wealth Advisors Inc. Has $2.41 Million Stake in Dominion Energy, Inc. (NYSE:D)

B. Riley Wealth Advisors Inc. boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 49.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,085 shares of the utilities provider’s stock after buying an additional 16,336 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Dominion Energy were worth $2,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arlington Capital Management Inc. boosted its holdings in Dominion Energy by 1.2% in the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after acquiring an additional 197 shares during the last quarter. Ridgewood Investments LLC grew its position in shares of Dominion Energy by 0.9% during the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 210 shares during the period. Lantz Financial LLC increased its stake in Dominion Energy by 4.0% in the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 222 shares in the last quarter. Seneca House Advisors grew its stake in shares of Dominion Energy by 2.0% in the 1st quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock valued at $559,000 after buying an additional 228 shares during the period. Finally, Choreo LLC raised its stake in Dominion Energy by 4.7% during the 1st quarter. Choreo LLC now owns 5,157 shares of the utilities provider’s stock worth $254,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several recent analyst reports. Barclays dropped their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. BMO Capital Markets decreased their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Mizuho increased their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Wells Fargo & Company boosted their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Stock Up 0.5 %

NYSE:D traded up $0.25 during mid-day trading on Wednesday, reaching $53.46. The company’s stock had a trading volume of 6,131,046 shares, compared to its average volume of 4,650,202. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $44.78 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.58. The stock has a fifty day moving average of $51.12 and a 200-day moving average of $49.22. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.23.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.99%. Dominion Energy’s payout ratio is 137.63%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.