28,513 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 28,513 shares of the utilities provider’s stock, valued at approximately $1,397,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in Dominion Energy in the second quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.7 %

Dominion Energy stock opened at $58.16 on Monday. 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 firm has a market capitalization of $48.79 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.18. The stock’s fifty day moving average is $54.47 and its two-hundred day moving average is $51.62.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on D shares. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Eight 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 data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $54.11.

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.