Horizon Kinetics Asset Management LLC Invests $477,000 in Dominion Energy, Inc. (NYSE:D)

Horizon Kinetics Asset Management LLC bought a new position in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,250 shares of the utilities provider’s stock, valued at approximately $477,000.

Other large investors have also bought and sold shares of the company. LRI Investments LLC bought a new position in shares of Dominion Energy in the first quarter worth about $32,000. Lazard Asset Management LLC raised its position in Dominion Energy by 1,232.8% in the 1st quarter. Lazard Asset Management LLC now owns 18,179 shares of the utilities provider’s stock worth $893,000 after purchasing an additional 16,815 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Dominion Energy by 49.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 49,085 shares of the utilities provider’s stock worth $2,414,000 after buying an additional 16,336 shares in the last quarter. Tidal Investments LLC boosted its position in Dominion Energy by 9.6% in the 1st quarter. Tidal Investments LLC now owns 35,938 shares of the utilities provider’s stock valued at $1,768,000 after buying an additional 3,138 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Dominion Energy by 1.9% in the 1st quarter. Comerica Bank now owns 193,108 shares of the utilities provider’s stock valued at $9,499,000 after buying an additional 3,628 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.6 %

NYSE:D opened at $58.51 on Tuesday. The stock has a market cap of $49.14 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.55 and a beta of 0.59. 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 stock has a 50-day moving average price of $58.07 and a two-hundred day moving average price of $54.88. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. 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 payout ratio is 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. 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 note on Monday, August 12th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Barclays boosted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Company 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.