Dominion Energy, Inc. (NYSE:D) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4,587.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,468 shares of the utilities provider's stock after buying an additional 15,138 shares during the period. Benjamin Edwards Inc.'s holdings in Dominion Energy were worth $894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter valued at $28,000. Family Firm Inc. bought a new stake in Dominion Energy during the second quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the third quarter valued at about $32,000. Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after purchasing an additional 449 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in shares of Dominion Energy during the third quarter valued at about $36,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

NYSE D traded down $0.86 on Friday, hitting $56.05. 3,453,418 shares of the company's stock traded hands, compared to its average volume of 4,672,521. The firm has a market capitalization of $47.08 billion, a PE ratio of 19.67, a P/E/G ratio of 1.50 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The firm's 50-day moving average price is $58.13 and its two-hundred day moving average price is $55.16. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 4.76%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio is currently 93.68%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on D shares. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank upped 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. Finally, Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $56.33.

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.