Pathstone Holdings LLC Increases Stake in Dominion Energy, Inc. (NYSE:D)

Pathstone Holdings LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,001 shares of the utilities provider's stock after purchasing an additional 8,736 shares during the period. Pathstone Holdings LLC's holdings in Dominion Energy were worth $19,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in D. Family Firm Inc. bought a new position in Dominion Energy during the second quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the 1st quarter worth $30,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth about $32,000. Finally, Triad Wealth Partners LLC bought a new position in Dominion Energy during the second quarter valued at approximately $33,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.4 %

Shares of NYSE:D traded up $0.20 on Wednesday, hitting $57.80. 2,632,618 shares of the company's stock were exchanged, compared to its average volume of 4,430,451. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a market capitalization of $48.55 billion, a PE ratio of 20.21, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm's 50-day moving average is $58.04 and its 200 day moving average is $54.71.

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 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 company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.62%. Dominion Energy's dividend payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock 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 research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, BMO Capital Markets increased 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. Ten analysts have rated the stock with a hold rating and two have issued 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 $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.