5,720 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,720 shares of the utilities provider’s stock, valued at approximately $280,000.

A number of other large investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Dominion Energy in the first quarter valued at about $30,000. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter valued at $32,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the second quarter valued at $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the 2nd quarter worth about $35,000. Finally, Lynx Investment Advisory acquired a new position in Dominion Energy during the second quarter worth about $37,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on D. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Evercore ISI increased 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 note on Friday, May 3rd. Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Stock Up 0.1 %

NYSE:D opened at $56.47 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market capitalization of $47.30 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.60. The stock has a 50-day simple moving average of $52.18 and a 200 day simple moving average of $50.38.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid 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 4.73%. Dominion Energy’s payout ratio is currently 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.