HHM Wealth Advisors LLC Has $131,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

HHM Wealth Advisors LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 80.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,683 shares of the utilities provider’s stock after purchasing an additional 1,200 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Dominion Energy were worth $131,000 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. SG Americas Securities LLC raised its holdings in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 49,740 shares during the period. Wedmont Private Capital raised its holdings in shares of Dominion Energy by 14.1% during the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares during the period. Vinva Investment Management Ltd lifted its position in Dominion Energy by 27.0% in the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,451 shares in the last quarter. Intech Investment Management LLC acquired a new position in Dominion Energy in the 1st quarter worth $708,000. Finally, QRG Capital Management Inc. bought a new position in Dominion Energy during the 1st quarter worth about $272,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on D shares. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Nine 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, Dominion Energy currently has an average rating of “Hold” and an average price target of $54.00.

Dominion Energy Stock Performance

NYSE D opened at $57.23 on Thursday. The firm has a market capitalization of $48.01 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average price is $54.13 and its two-hundred day moving average price is $51.45. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.13.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm earned $0.53 EPS. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

About Dominion Energy

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.