Nadler Financial Group Inc. Makes New $235,000 Investment in Dominion Energy, Inc. (NYSE:D)

Nadler Financial Group Inc. bought a new position in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,067 shares of the utilities provider’s stock, valued at approximately $235,000.

Several other hedge funds also recently made changes to their positions in D. Caprock Group LLC raised its stake in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 5,525 shares during the last quarter. SG Americas Securities LLC raised its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Dominion Energy by 351.8% in 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 period. Intech Investment Management LLC purchased a new position in shares of Dominion Energy during the first quarter valued at approximately $708,000. Finally, QRG Capital Management Inc. bought a new position in shares of Dominion Energy during the first quarter valued at approximately $272,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded up $0.99 during trading hours on Friday, reaching $60.52. 600,288 shares of the stock traded hands, compared to its average volume of 4,362,749. The company has a 50 day moving average price of $57.82 and a 200 day moving average price of $53.98. Dominion Energy, Inc. has a one year low of $40.44 and a one year high of $61.26. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 1.56 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. On average, equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared 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 4.41%. Dominion Energy’s payout ratio is 140.53%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Barclays increased 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. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.40.

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.