13,275 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Vista Investment Partners LLC

Vista Investment Partners LLC bought a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 13,275 shares of the utilities provider’s stock, valued at approximately $650,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after buying an additional 157,175 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Dominion Energy by 241.8% in the fourth quarter. Mackenzie Financial Corp now owns 704,078 shares of the utilities provider’s stock valued at $33,092,000 after purchasing an additional 498,089 shares during the period. SVB Wealth LLC raised its holdings in shares of Dominion Energy by 24.9% during the fourth quarter. SVB Wealth LLC now owns 8,708 shares of the utilities provider’s stock valued at $409,000 after buying an additional 1,738 shares during the last quarter. United Asset Strategies Inc. boosted its position in shares of Dominion Energy by 17.8% during the fourth quarter. United Asset Strategies Inc. now owns 8,681 shares of the utilities provider’s stock worth $408,000 after buying an additional 1,309 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dominion Energy by 9.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 244,611 shares of the utilities provider’s stock worth $11,497,000 after buying an additional 20,257 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.3 %

Shares of Dominion Energy stock traded up $0.72 on Friday, reaching $56.01. 3,470,916 shares of the company were exchanged, compared to its average volume of 4,608,495. The stock has a fifty day moving average price of $51.64 and a 200-day moving average price of $50.04. The firm has a market capitalization of $46.91 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released 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. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. On average, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.77%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Mizuho raised 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. Scotiabank cut their target price 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. Finally, StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research 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 MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $52.73.

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.