Foundations Investment Advisors LLC Buys 1,262 Shares of Dominion Energy, Inc. (NYSE:D)

Foundations Investment Advisors LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.5% during the 3rd quarter, Holdings Channel reports. The fund owned 11,398 shares of the utilities provider’s stock after buying an additional 1,262 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Dominion Energy were worth $659,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC lifted its holdings in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after buying an additional 49,740 shares during the period. Intech Investment Management LLC bought a new stake in shares of Dominion Energy during the first quarter worth $708,000. QRG Capital Management Inc. acquired a new stake in shares of Dominion Energy during the first quarter worth $272,000. Finally, BKM Wealth Management LLC lifted its position in Dominion Energy by 74.4% in the 1st quarter. BKM Wealth Management LLC now owns 2,007 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 856 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.2 %

Shares of D stock opened at $60.78 on Friday. Dominion Energy, Inc. has a 52-week low of $39.44 and a 52-week high of $61.26. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.60 and a beta of 0.60. The firm’s 50-day moving average is $57.41 and its 200-day moving average is $53.57.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.39%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on D shares. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays increased their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.40.

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.