Focus Partners Advisor Solutions LLC acquired a new position in Dominion Energy Inc. (NYSE:D – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,077 shares of the utilities provider’s stock, valued at approximately $825,000.
Other institutional investors have also recently bought and sold shares of the company. Motiv8 Investments LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth about $25,000. Blueline Advisors LLC purchased a new stake in Dominion Energy during the fourth quarter worth about $28,000. Triumph Capital Management purchased a new stake in Dominion Energy during the third quarter worth about $28,000. Costello Asset Management INC raised its position in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in Dominion Energy in the fourth quarter worth about $29,000. Institutional investors own 73.04% of the company’s stock.
Dominion Energy Price Performance
D opened at $68.88 on Tuesday. The firm has a 50-day moving average price of $69.15 and a 200-day moving average price of $65.45. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $60.58 billion, a price-to-earnings ratio of 24.00 and a beta of 0.65.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio is currently 93.03%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on D shares. Truist Financial reduced their target price on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, BMO Capital Markets boosted their target price on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $68.00.
Check Out Our Latest Analysis on D
About Dominion Energy
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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