Benjamin Edwards Inc. Has $569,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Benjamin Edwards Inc. lessened its stake in Dominion Energy, Inc. (NYSE:D) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,568 shares of the utilities provider’s stock after selling 4,900 shares during the quarter. Benjamin Edwards Inc.’s holdings in Dominion Energy were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of D. Barclays PLC boosted its stake in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after buying an additional 404,868 shares in the last quarter. Czech National Bank grew its holdings in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after purchasing an additional 11,231 shares during the last quarter. HB Wealth Management LLC increased its position in Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Dominion Energy by 12.2% in the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after purchasing an additional 7,632 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $1,027,000. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of a number of research reports. Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $58.22.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.10 on Friday. The stock has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s 50 day moving average price is $53.94 and its two-hundred day moving average price is $55.27.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

About Dominion Energy

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.