Frazier Financial Advisors LLC Makes New $32,000 Investment in Dominion Energy, Inc. (NYSE:D)

Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 561 shares of the utilities provider’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC raised its stake in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after buying an additional 5,525 shares during the last quarter. Ascent Wealth Partners LLC purchased a new position in shares of Dominion Energy during the 3rd quarter valued at about $1,223,000. Pathway Financial Advisers LLC raised its stake in shares of Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after buying an additional 37,514 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $708,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Dominion Energy during the 1st quarter valued at about $272,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 2.6 %

D opened at $57.63 on Friday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock has a market capitalization of $48.41 billion, a PE ratio of 20.22, a P/E/G ratio of 1.53 and a beta of 0.59. The business’s 50 day moving average price is $58.03 and its 200 day moving average price is $54.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current 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 paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, BMO Capital Markets lifted their price target 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. 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 company 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.