Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,164,929 shares of the utilities provider’s stock after purchasing an additional 43,055 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Dominion Energy were worth $298,481,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of D. Family Firm Inc. bought a new stake in Dominion Energy during the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy in the third quarter worth approximately $28,000. LRI Investments LLC bought a new position in Dominion Energy during the 1st quarter valued at $30,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at $33,000. 73.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on D shares. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.91.
Dominion Energy Price Performance
Shares of NYSE:D opened at $58.14 on Friday. 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 has a market capitalization of $48.84 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.55 and a beta of 0.59. The business has a 50-day moving average of $58.07 and a two-hundred day moving average of $54.80. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.
Dominion Energy (NYSE:D – Get Free Report) last announced 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. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.
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.
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