Oppenheimer & Co. Inc. Acquires 12,890 Shares of Dominion Energy, Inc. (NYSE:D)

Oppenheimer & Co. Inc. raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 22.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 69,343 shares of the utilities provider's stock after purchasing an additional 12,890 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Dominion Energy were worth $4,007,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in D. Caprock Group LLC grew its stake in 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. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $1,223,000. Pathway Financial Advisers LLC increased its stake in shares of Dominion Energy by 351.8% in the 3rd 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. Intech Investment Management LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at $708,000. Finally, QRG Capital Management Inc. bought a new position in Dominion Energy during the first quarter worth $272,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 2.6 %

Shares of D stock traded up $1.44 on Friday, hitting $57.63. The stock had a trading volume of 5,808,408 shares, compared to its average volume of 4,670,383. 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 business has a 50 day moving average of $58.03 and a 200 day moving average of $54.57. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.50 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.94 billion during 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 company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. As a group, analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Analysts Set New Price Targets

D has been the topic of several research reports. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research note 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 target price on the stock. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. 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, the company currently has a consensus rating of "Hold" and a consensus price target of $55.91.

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.