Personal CFO Solutions LLC purchased a new position in Dominion Energy, Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,997 shares of the utilities provider’s stock, valued at approximately $259,000.
Several other large investors also recently bought and sold shares of D. Sei Investments Co. grew its holdings in Dominion Energy by 7.7% during the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock valued at $14,325,000 after purchasing an additional 12,002 shares during the last quarter. Prudential PLC bought a new position in shares of Dominion Energy during the first quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC raised its holdings in shares of Dominion Energy by 30.0% in the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after buying an additional 1,661 shares during the period. Covestor Ltd lifted its stake in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Dominion Energy during the 1st quarter valued at $419,000. Institutional investors own 70.66% of the company’s stock.
Dominion Energy Trading Down 0.7 %
NYSE D opened at $46.42 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 1.14. The company has a market capitalization of $38.84 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 4.00 and a beta of 0.52. The company’s 50-day simple moving average is $43.96 and its two-hundred day simple moving average is $48.76. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $63.94.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Thursday, November 30th. Dominion Energy’s payout ratio is currently 136.23%.
Analysts Set New Price Targets
Several research firms have recently weighed in on D. Morgan Stanley decreased their target price on Dominion Energy from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Mizuho reduced their target price on shares of Dominion Energy from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 6th. JPMorgan Chase & Co. lowered their price target on Dominion Energy from $55.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Finally, Barclays upgraded Dominion Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Monday, November 6th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.17.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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