BKD Wealth Advisors LLC Has $283,000 Stake in Dominion Energy Inc. (D)

BKD Wealth Advisors LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,696 shares of the utilities provider’s stock after buying an additional 115 shares during the period. BKD Wealth Advisors LLC’s holdings in Dominion Energy were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the last quarter. Enterprise Financial Services Corp boosted its position in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares during the last quarter. Clean Yield Group bought a new position in Dominion Energy during the first quarter valued at approximately $117,000. Bollard Group LLC boosted its position in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its position in Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,127 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.73% during mid-day trading on Friday, reaching $78.69. The company’s stock had a trading volume of 2,303,023 shares. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm has a market capitalization of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28. The firm has a 50-day moving average of $77.11 and a 200-day moving average of $77.32.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.84%. Dominion Energy’s dividend payout ratio is presently 87.28%.

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D has been the subject of several analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, July 11th. Morgan Stanley lowered their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a research note on Saturday, June 3rd. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Deutsche Bank AG boosted their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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