Total Clarity Wealth Management Inc. Invests $1.40 Million in Dominion Energy, Inc. (NYSE:D)

Total Clarity Wealth Management Inc. purchased a new position in shares of 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 fund purchased 28,513 shares of the utilities provider’s stock, valued at approximately $1,397,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $27,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $30,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $32,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on D. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research 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. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Stock Performance

Shares of D opened at $58.16 on Monday. The stock has a 50-day simple moving average of $54.47 and a 200-day simple moving average of $51.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $48.79 billion, a PE ratio of 29.98, a PEG ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.18.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The business 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%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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 paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Dominion Energy Company 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.