LRI Investments LLC Buys 774 Shares of Dominion Energy, Inc. (NYSE:D)

LRI Investments LLC boosted its stake in Dominion Energy, Inc. (NYSE:D) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,887 shares of the utilities provider’s stock after acquiring an additional 774 shares during the period. LRI Investments LLC’s holdings in Dominion Energy were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Investment Management Corp of Ontario boosted its holdings in shares of Dominion Energy by 434.5% during the 4th quarter. Investment Management Corp of Ontario now owns 148,816 shares of the utilities provider’s stock worth $8,015,000 after buying an additional 120,975 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $2,892,000. Gotham Asset Management LLC boosted its holdings in shares of Dominion Energy by 128.4% during the 4th quarter. Gotham Asset Management LLC now owns 488,062 shares of the utilities provider’s stock worth $26,287,000 after buying an additional 274,339 shares in the last quarter. Graver Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $431,000. Finally, Focus Partners Wealth raised its position in shares of Dominion Energy by 30.1% during the fourth quarter. Focus Partners Wealth now owns 165,069 shares of the utilities provider’s stock worth $8,891,000 after purchasing an additional 38,191 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of a number of research reports. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley upped their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $58.75.

Dominion Energy Price Performance

Shares of NYSE:D opened at $55.10 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $53.94 and its two-hundred day simple moving average is $55.19. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The stock has a market cap of $46.99 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

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.