Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires Shares of 5,720 Dominion Energy, Inc. (NYSE:D)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Dominion Energy, Inc. (NYSE:D) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 5,720 shares of the utilities provider’s stock, valued at approximately $280,000.

Several other large investors have also made changes to their positions in D. My Legacy Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter worth $738,000. Unique Wealth Strategies LLC bought a new stake in Dominion Energy during the 2nd quarter worth about $80,000. &PARTNERS acquired a new position in Dominion Energy during the 2nd quarter valued at about $1,240,000. Cultivar Capital Inc. bought a new position in shares of Dominion Energy in the 2nd quarter valued at about $79,000. Finally, Precedent Wealth Partners LLC grew its position in shares of Dominion Energy by 37.9% during the 2nd quarter. Precedent Wealth Partners LLC now owns 10,742 shares of the utilities provider’s stock worth $526,000 after buying an additional 2,950 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on D shares. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company increased their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Trading Up 0.1 %

Dominion Energy stock opened at $56.47 on Friday. The stock has a 50-day simple moving average of $52.18 and a 200 day simple moving average of $50.38. The stock has a market capitalization of $47.30 billion, a P/E ratio of 29.11, a PEG ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.60.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.73 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors 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 4.73%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is 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.