Dominion Energy, Inc. (NYSE:D) Shares Purchased by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 40.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,000 shares of the utilities provider’s stock after acquiring an additional 2,000 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Dominion Energy were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its position in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new position in Dominion Energy in the third quarter valued at $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 2.0 %

NYSE:D traded down $1.09 during trading hours on Friday, hitting $53.51. The stock had a trading volume of 967,070 shares, compared to its average volume of 3,330,464. The company has a market cap of $44.95 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The business has a 50 day simple moving average of $55.93 and a two-hundred day simple moving average of $55.51. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. 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 (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the business earned $0.77 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Wall Street Analyst Weigh In

Several analysts have commented on D shares. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Barclays lifted their price target 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. Scotiabank upped their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.58.

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.