Lynx Investment Advisory Acquires Shares of 760 Dominion Energy, Inc. (NYSE:D)

Lynx Investment Advisory bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 760 shares of the utilities provider’s stock, valued at approximately $37,000.

Several other hedge funds also recently made changes to their positions in D. Mather Group LLC. increased its holdings in Dominion Energy by 11.2% in the 2nd quarter. Mather Group LLC. now owns 4,399 shares of the utilities provider’s stock valued at $216,000 after buying an additional 443 shares during the period. Sugarloaf Wealth Management LLC acquired a new position in Dominion Energy during the second quarter valued at approximately $74,000. Bank & Trust Co bought a new stake in Dominion Energy during the second quarter worth $41,000. Woodstock Corp boosted its holdings in shares of Dominion Energy by 14.0% in the 2nd quarter. Woodstock Corp now owns 18,169 shares of the utilities provider’s stock valued at $890,000 after purchasing an additional 2,225 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of Dominion Energy by 47.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 10,236 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 3,294 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on D. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Scotiabank decreased their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.18.

Dominion Energy Trading Up 2.3 %

Shares of Dominion Energy stock traded up $1.26 during midday trading on Wednesday, reaching $55.43. The company had a trading volume of 1,427,749 shares, compared to its average volume of 4,646,380. The firm has a market cap of $46.43 billion, a PE ratio of 28.55, a P/E/G ratio of 1.50 and a beta of 0.58. The stock has a fifty day moving average price of $51.29 and a 200 day moving average price of $49.52. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 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 7.68%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is 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.