Brooklyn Investment Group Acquires New Shares in Dominion Energy, Inc. (NYSE:D)

Brooklyn Investment Group bought a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,925 shares of the utilities provider's stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in D. Oppenheimer & Co. Inc. boosted its holdings in shares of Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock worth $4,007,000 after purchasing an additional 12,890 shares during the period. Caprock Group LLC boosted its holdings in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock worth $474,000 after purchasing an additional 5,525 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock worth $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the third quarter worth approximately $1,223,000. Finally, Pathway Financial Advisers LLC raised its position in Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider's stock valued at $2,784,000 after acquiring an additional 37,514 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Scotiabank boosted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and an average target price of $55.91.

Dominion Energy Stock Up 1.0 %

Shares of Dominion Energy stock traded up $0.59 on Tuesday, reaching $59.13. 4,576,237 shares of the company were exchanged, compared to its average volume of 4,435,206. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a market capitalization of $49.67 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.55 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $58.07 and a 200 day moving average of $54.88.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Dominion Energy 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.