Dominion Energy, Inc. (NYSE:D) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group raised its holdings in Dominion Energy, Inc. (NYSE:D) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,201 shares of the utilities provider’s stock after purchasing an additional 599 shares during the quarter. Csenge Advisory Group’s holdings in Dominion Energy were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Advocate Group LLC boosted its position in Dominion Energy by 4.1% during the second quarter. Advocate Group LLC now owns 134,645 shares of the utilities provider’s stock worth $6,598,000 after purchasing an additional 5,357 shares in the last quarter. NovaPoint Capital LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $501,000. Apella Capital LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth approximately $385,000. Arden Trust Co acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $327,000. Finally, Kingswood Wealth Advisors LLC lifted its stake in Dominion Energy by 23.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,775 shares of the utilities provider’s stock valued at $626,000 after buying an additional 2,433 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on D shares. Scotiabank dropped their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Mizuho upped 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. Wells Fargo & Company boosted their price target on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.18.

Dominion Energy Price Performance

Shares of D stock opened at $54.18 on Friday. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.60. The company has a market capitalization of $45.45 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.45 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. The firm has a fifty day simple moving average of $51.36 and a 200-day simple moving average of $49.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share 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 period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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 issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.