D.A. Davidson & CO. Purchases 898 Shares of Dominion Energy, Inc. (NYSE:D)

D.A. Davidson & CO. increased its stake in Dominion Energy, Inc. (NYSE:D) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,626 shares of the utilities provider’s stock after purchasing an additional 898 shares during the period. D.A. Davidson & CO.’s holdings in Dominion Energy were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Dominion Energy in the 2nd quarter worth $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $28,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $30,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $33,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Up 1.0 %

Dominion Energy stock opened at $59.70 on Friday. The stock has a market cap of $50.15 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company’s 50-day moving average price is $58.18 and its two-hundred day moving average price is $54.99.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.47%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.