First Trust Direct Indexing L.P. Purchases 5,812 Shares of Dominion Energy, Inc. (NYSE:D)

First Trust Direct Indexing L.P. grew its position in Dominion Energy, Inc. (NYSE:D) by 30.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,131 shares of the utilities provider’s stock after purchasing an additional 5,812 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Dominion Energy were worth $1,236,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Dominion Energy during the third quarter valued at about $2,554,000. Lido Advisors LLC grew its position in shares of Dominion Energy by 108.3% in the 3rd quarter. Lido Advisors LLC now owns 10,098 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,250 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Royal London Asset Management Ltd. raised its holdings in Dominion Energy by 13.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 261,589 shares of the utilities provider’s stock worth $11,686,000 after purchasing an additional 30,169 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Dominion Energy by 127.9% in the 3rd quarter. GSA Capital Partners LLP now owns 29,883 shares of the utilities provider’s stock valued at $1,335,000 after purchasing an additional 16,773 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report 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 note on Monday, April 15th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Scotiabank cut their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company upped their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Stock Up 1.4 %

Dominion Energy stock opened at $49.21 on Friday. The firm has a 50 day moving average price of $51.46 and a 200-day moving average price of $48.73. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a market capitalization of $41.22 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.32 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s payout ratio is currently 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.