Cerity Partners LLC Grows Position in Dominion Energy, Inc. (NYSE:D)

Cerity Partners LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 262,249 shares of the utilities provider’s stock after buying an additional 4,035 shares during the quarter. Cerity Partners LLC’s holdings in Dominion Energy were worth $15,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. grew its holdings in shares of Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the period. Caprock Group LLC boosted its position in Dominion Energy by 133.0% in 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at about $1,223,000. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Dominion Energy by 351.8% in the third 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. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on D shares. Scotiabank upped their target price 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. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Trading Up 0.6 %

Dominion Energy stock opened at $58.51 on Tuesday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm’s 50 day moving average price is $58.07 and its 200-day moving average price is $54.88. 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 cap of $49.14 billion, a P/E ratio of 20.53, a PEG ratio of 1.55 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 EPS. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 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.