CWA Asset Management Group LLC Buys Shares of 9,423 Dominion Energy, Inc. (NYSE:D)

CWA Asset Management Group LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,423 shares of the utilities provider's stock, valued at approximately $545,000.

Other institutional investors have also made changes to their positions in the company. Equitable Trust Co. acquired a new position in Dominion Energy during the third quarter valued at approximately $216,000. Leavell Investment Management Inc. grew its holdings in Dominion Energy by 22.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 10,302 shares of the utilities provider's stock valued at $595,000 after buying an additional 1,879 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Dominion Energy in the third quarter valued at about $88,000. Stiles Financial Services Inc bought a new position in shares of Dominion Energy during the third quarter worth about $224,000. Finally, Dudley Capital Management LLC bought a new stake in Dominion Energy in the third quarter worth approximately $252,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE:D traded down $1.12 during mid-day trading on Tuesday, hitting $57.03. 4,902,254 shares of the company traded hands, compared to its average volume of 4,420,731. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $47.91 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock's fifty day moving average price is $58.06 and its 200-day moving average price is $54.45.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Research analysts anticipate that Dominion Energy, Inc. will post 2.76 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, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Barclays increased 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. BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $55.91.

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.