Independent Advisor Alliance Buys 6,078 Shares of Dominion Energy, Inc. (NYSE:D)

Independent Advisor Alliance boosted its stake in Dominion Energy, Inc. (NYSE:D) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,464 shares of the utilities provider’s stock after acquiring an additional 6,078 shares during the period. Independent Advisor Alliance’s holdings in Dominion Energy were worth $3,899,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in shares of Dominion Energy during the second quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter worth approximately $32,000. Larson Financial Group LLC raised its position in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Dominion Energy during the first quarter worth approximately $32,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. BMO Capital Markets upped their target price on 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 upped their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s 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 Stock Up 0.6 %

Shares of NYSE:D opened at $58.51 on Tuesday. The company has a market capitalization of $49.14 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business has a fifty 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 announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.56%. Dominion Energy’s payout ratio is 93.68%.

Dominion Energy 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.