Wilmington Savings Fund Society FSB raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 82.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,277 shares of the utilities provider's stock after purchasing an additional 11,006 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Dominion Energy were worth $1,403,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Family Firm Inc. bought a new position in Dominion Energy during the second quarter worth $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter worth $32,000. Dunhill Financial LLC increased its stake in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.
Dominion Energy Stock Up 0.4 %
Dominion Energy stock traded up $0.21 during midday trading on Friday, reaching $54.04. The company's stock had a trading volume of 2,985,389 shares, compared to its average volume of 4,691,500. The stock has a market capitalization of $45.39 billion, a P/E ratio of 18.96, a PEG ratio of 1.44 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. 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 simple moving average is $57.77 and its 200-day simple moving average is $55.21.
Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company earned $0.77 earnings per share. Dominion Energy's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side 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. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, November 29th. Dominion Energy's dividend payout ratio is currently 93.68%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Barclays increased their target price 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. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $56.58.
View Our Latest Research Report on Dominion Energy
About Dominion Energy
(
Free Report)
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.
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