Steel Peak Wealth Management LLC purchased a new position in Dominion Energy Inc (NYSE:D) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 7,575 shares of the utilities provider’s stock, valued at approximately $627,000.
Other large investors also recently bought and sold shares of the company. Peddock Capital Advisors LLC bought a new position in Dominion Energy during the fourth quarter worth about $25,000. Braun Bostich & Associates Inc. bought a new position in Dominion Energy during the fourth quarter worth about $25,000. Prestige Wealth Management Group LLC lifted its holdings in Dominion Energy by 313.3% during the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 235 shares in the last quarter. Manchester Financial Inc. bought a new position in Dominion Energy during the fourth quarter worth about $29,000. Finally, Vista Private Wealth Partners. LLC bought a new position in Dominion Energy during the third quarter worth about $37,000. Institutional investors and hedge funds own 65.43% of the company’s stock.
Several research analysts have weighed in on D shares. Cfra lifted their target price on Dominion Energy from $88.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. Argus lifted their target price on Dominion Energy from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Wells Fargo & Co reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, November 1st. Morgan Stanley lifted their target price on Dominion Energy from $89.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Citigroup lifted their target price on Dominion Energy from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and an average price target of $83.33.
Shares of D traded up $1.30 during midday trading on Friday, hitting $87.54. The stock had a trading volume of 1,773,390 shares, compared to its average volume of 2,760,044. The company has a 50 day simple moving average of $83.52 and a two-hundred day simple moving average of $80.76. Dominion Energy Inc has a twelve month low of $72.61 and a twelve month high of $86.91. The firm has a market cap of $69.63 billion, a price-to-earnings ratio of 65.82, a price-to-earnings-growth ratio of 4.19 and a beta of 0.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.51 and a quick ratio of 0.37.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts forecast that Dominion Energy Inc will post 4.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.94 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $3.76 annualized dividend and a dividend yield of 4.30%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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