Atlanta Consulting Group Advisors LLC acquired a new position in Dominion Energy, Inc. (NYSE:D - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,777 shares of the utilities provider's stock, valued at approximately $681,000.
Several other hedge funds also recently modified their holdings of the business. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $28,000. Family Firm Inc. acquired a new stake in Dominion Energy during the second quarter worth $27,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $32,000. LRI Investments LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $32,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 73.04% of the company's stock.
Analysts Set New Price Targets
D has been the subject of several analyst reports. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.91.
Read Our Latest Analysis on D
Dominion Energy Price Performance
Shares of NYSE D traded up $1.44 during trading hours on Friday, hitting $57.63. 5,808,408 shares of the stock were exchanged, compared to its average volume of 4,670,383. The company's fifty day simple moving average is $58.03 and its two-hundred day simple moving average is $54.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a market cap of $48.41 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is currently 93.68%.
Dominion Energy Company Profile
(
Free Report)
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.
Read More
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
