Moors & Cabot Inc. Has $1.34 Million Stake in Dominion Energy, Inc. (NYSE:D)

Moors & Cabot Inc. increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,370 shares of the utilities provider’s stock after purchasing an additional 3,071 shares during the period. Moors & Cabot Inc.’s holdings in Dominion Energy were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC increased its holdings in 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 worth $535,000 after purchasing an additional 195 shares in the last quarter. Valley National Advisers Inc. raised its position in Dominion Energy by 8.6% in 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 during the last quarter. Altman Advisors Inc. lifted its stake in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 198 shares in the last quarter. Centennial Wealth Advisory LLC boosted its position in Dominion Energy by 2.8% during 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 grew its stake 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. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. BMO Capital Markets boosted 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 report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Trading Down 0.3 %

Shares of NYSE:D opened at $58.37 on Wednesday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. 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 $48.89 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a 50-day simple moving average of $54.84 and a 200 day simple moving average of $51.79.

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 the consensus estimate of $3.73 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Dominion Energy Company 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.