Independence Wealth Advisors Inc. Buys Shares of 4,356 Dominion Energy Inc (NYSE:D)

Independence Wealth Advisors Inc. acquired a new position in Dominion Energy Inc (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,356 shares of the utilities provider’s stock, valued at approximately $337,000. Dominion Energy accounts for 0.3% of Independence Wealth Advisors Inc.’s investment portfolio, making the stock its 20th largest position.

Other large investors have also modified their holdings of the company. Trust Co. of Toledo NA OH increased its holdings in Dominion Energy by 0.4% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 34,009 shares of the utilities provider’s stock worth $2,630,000 after acquiring an additional 131 shares in the last quarter. 6 Meridian increased its holdings in Dominion Energy by 1.9% in the 2nd quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 134 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Dominion Energy by 6.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares in the last quarter. Dividend Assets Capital LLC increased its holdings in Dominion Energy by 2.4% in the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Dominion Energy by 12.8% in the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 63.93% of the company’s stock.

Shares of D opened at $74.67 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $79.47. The firm’s 50 day moving average is $76.91. The stock has a market cap of $61.07 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 3.79 and a beta of 0.25.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The company’s revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. As a group, equities research analysts expect that Dominion Energy Inc will post 4.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.91%. Dominion Energy’s dividend payout ratio is currently 90.62%.

A number of brokerages have issued reports on D. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $79.00 to $80.00 in a report on Thursday, June 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective for the company. in a report on Thursday, July 4th. Finally, Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.91.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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