Cambridge Investment Research Advisors Inc. Purchases 38,140 Shares of Dominion Energy, Inc. (NYSE:D)

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,904 shares of the utilities provider’s stock after buying an additional 38,140 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Dominion Energy were worth $13,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 195 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in Dominion Energy by 1.2% during the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock valued at $810,000 after buying an additional 197 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after buying an additional 198 shares in the last quarter. Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 199 shares during the last quarter. Finally, Ridgewood Investments LLC raised its holdings 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 acquiring an additional 210 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D stock traded down $0.49 during midday trading on Tuesday, hitting $56.03. 2,295,334 shares of the stock traded hands, compared to its average volume of 4,511,889. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock’s fifty day simple moving average is $52.32 and its 200-day simple moving average is $50.55. The firm has a market cap of $46.93 billion, a P/E ratio of 28.88, a PEG ratio of 1.51 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share 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 business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the company posted $0.53 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

D has been the subject of several recent research reports. Wells Fargo & Company lifted their price target 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. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Finally, StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Profile

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.