Valley National Advisers Inc. Acquires 198 Shares of Dominion Energy, Inc. (NYSE:D)

Valley National Advisers Inc. increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,504 shares of the utilities provider’s stock after buying an additional 198 shares during the quarter. Valley National Advisers Inc.’s holdings in Dominion Energy were worth $122,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of D. International Assets Investment Management LLC grew its position in Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $2,378,000. Waldron Private Wealth LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $234,000. Mackenzie Financial Corp increased its stake in shares of Dominion Energy by 241.8% in the fourth quarter. Mackenzie Financial Corp now owns 704,078 shares of the utilities provider’s stock valued at $33,092,000 after buying an additional 498,089 shares during the period. Finally, SVB Wealth LLC raised its holdings in Dominion Energy by 24.9% in the 4th quarter. SVB Wealth LLC now owns 8,708 shares of the utilities provider’s stock valued at $409,000 after buying an additional 1,738 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $56.01 on Friday. The firm has a market capitalization of $46.91 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.60. The business’s 50-day moving average price is $51.64 and its 200-day moving average price is $50.01.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D. Scotiabank decreased their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Evercore ISI increased their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $52.73.

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.