Csenge Advisory Group Has $647,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Csenge Advisory Group raised its stake in Dominion Energy, Inc. (NYSE:D) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 13,201 shares of the utilities provider’s stock after acquiring an additional 599 shares during the quarter. Csenge Advisory Group’s holdings in Dominion Energy were worth $647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after buying an additional 157,175 shares in the last quarter. Allworth Financial LP grew its stake in shares of Dominion Energy by 59.2% during the fourth quarter. Allworth Financial LP now owns 13,324 shares of the utilities provider’s stock valued at $626,000 after purchasing an additional 4,957 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in Dominion Energy by 8.3% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 42,419 shares of the utilities provider’s stock worth $1,994,000 after buying an additional 3,238 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Dominion Energy by 5.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 10,007 shares of the utilities provider’s stock valued at $470,000 after buying an additional 486 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Dominion Energy by 57.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 111,904 shares of the utilities provider’s stock valued at $5,259,000 after buying an additional 40,739 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.7 %

Shares of NYSE:D opened at $54.18 on Friday. The company’s fifty day simple moving average is $51.36 and its 200 day simple moving average is $49.59. The firm has a market cap of $45.45 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.45 and a beta of 0.58. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on D. Wells Fargo & Company lifted their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Mizuho lifted their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.18.

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.