LRI Investments LLC Purchases New Stake in Dominion Energy, Inc. (NYSE:D)

LRI Investments LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 612 shares of the utilities provider’s stock, valued at approximately $30,000.

A number of other large investors also recently added to or reduced their stakes in D. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Capital Research Global Investors raised its holdings in Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the period. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter worth $329,792,000. ClearBridge Investments Ltd acquired a new position in shares of Dominion Energy in the 4th quarter valued at $214,220,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.1 %

Shares of Dominion Energy stock opened at $56.06 on Friday. The firm has a market capitalization of $46.96 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $51.24 and its 200 day moving average is $49.36. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.68% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s payout ratio is 137.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on D shares. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BMO Capital Markets cut their price objective on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Finally, Evercore ISI boosted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.64.

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.