Dominion Energy, Inc. (NYSE:D) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 34.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 394,423 shares of the utilities provider's stock after purchasing an additional 101,665 shares during the quarter. HighTower Advisors LLC's holdings in Dominion Energy were worth $22,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the third quarter worth about $32,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the second quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter worth about $35,000. 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 research analyst reports. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $56.33.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.86 during midday trading on Friday, hitting $56.05. 3,453,418 shares of the company's stock were exchanged, compared to its average volume of 4,456,333. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock's 50 day moving average price is $58.15 and its 200-day moving average price is $55.13. The firm has a market cap of $47.08 billion, a P/E ratio of 19.67, a PEG ratio of 1.51 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. Dominion Energy's dividend payout ratio is presently 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.