Ipswich Investment Management Co. Inc. Takes Position in Dominion Energy, Inc. (NYSE:D)

Ipswich Investment Management Co. Inc. acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,524 shares of the utilities provider’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its position in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the period. Ascent Wealth Partners LLC purchased a new position in Dominion Energy during the third quarter worth approximately $1,223,000. Pathway Financial Advisers LLC increased its holdings in shares of Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after buying an additional 37,514 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth $708,000. Finally, QRG Capital Management Inc. purchased a new stake in Dominion Energy during the first quarter valued at about $272,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 2.6 %

Shares of Dominion Energy stock opened at $57.63 on Friday. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 20.22, 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. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business’s 50 day simple moving average is $58.03 and its 200-day simple moving average is $54.57.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share 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 given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.63%. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of research firms have recently commented on D. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.91.

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.