3,160 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,160 shares of the utilities provider’s stock, valued at approximately $183,000.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in Dominion Energy by 1.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 19,139 shares of the utilities provider’s stock valued at $1,106,000 after buying an additional 253 shares during the period. Boston Family Office LLC bought a new position in Dominion Energy during the third quarter valued at $222,000. DRW Securities LLC bought a new position in Dominion Energy during the third quarter valued at $5,075,000. Independent Advisor Alliance lifted its holdings in shares of Dominion Energy by 9.9% in the 3rd quarter. Independent Advisor Alliance now owns 67,464 shares of the utilities provider’s stock worth $3,899,000 after acquiring an additional 6,078 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Dominion Energy by 83.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,329 shares of the utilities provider’s stock worth $1,117,000 after acquiring an additional 8,799 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 0.6 %

NYSE D opened at $58.51 on Tuesday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market capitalization of $49.14 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The company’s 50-day simple moving average is $58.07 and its two-hundred day simple moving average is $54.88.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company 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%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.