Graypoint LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Graypoint LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,279 shares of the utilities provider’s stock after purchasing an additional 457 shares during the quarter. Graypoint LLC’s holdings in Dominion Energy were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC lifted its stake in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the period. Larson Financial Group LLC boosted its holdings 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 last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.4 %

NYSE D opened at $53.29 on Friday. The stock has a market cap of $44.76 billion, a P/E ratio of 18.70, a PEG ratio of 1.44 and a beta of 0.60. The company’s fifty day simple moving average is $55.82 and its 200-day simple moving average is $55.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm 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%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 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. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Company 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.