Orion Portfolio Solutions LLC Buys 49,165 Shares of Dominion Energy, Inc. (NYSE:D)

Orion Portfolio Solutions LLC lifted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 31.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,208 shares of the utilities provider's stock after acquiring an additional 49,165 shares during the period. Orion Portfolio Solutions LLC's holdings in Dominion Energy were worth $11,801,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in D. BLB&B Advisors LLC increased its position in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock worth $417,000 after buying an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider's stock worth $535,000 after buying an additional 195 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after buying an additional 195 shares during the period. Valley National Advisers Inc. increased its position in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider's stock worth $122,000 after buying an additional 198 shares during the period. Finally, Altman Advisors Inc. increased its position in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider's stock worth $1,423,000 after buying an additional 198 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 1.5 %

NYSE D traded down $0.86 during trading on Friday, hitting $56.05. The stock had a trading volume of 3,453,418 shares, compared to its average volume of 4,672,130. The company has a market capitalization of $47.08 billion, a PE ratio of 19.67, a P/E/G ratio of 1.49 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company's 50-day moving average price is $58.13 and its two-hundred day moving average price is $55.17. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.76%. Dominion Energy's payout ratio is 93.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on D. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. Scotiabank boosted their price objective on 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, Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $56.33.

Dominion Energy 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.