Everett Harris & Co. CA Acquires 25,280 Shares of Dominion Energy, Inc. (NYSE:D)

Everett Harris & Co. CA lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 28.8% during the third quarter, HoldingsChannel reports. The firm owned 113,129 shares of the utilities provider’s stock after purchasing an additional 25,280 shares during the period. Everett Harris & Co. CA’s holdings in Dominion Energy were worth $6,538,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of Dominion Energy by 2.0% in the third quarter. Commonwealth Equity Services LLC now owns 574,940 shares of the utilities provider’s stock worth $33,226,000 after purchasing an additional 11,283 shares during the period. NovaPoint Capital LLC grew its position in Dominion Energy by 49.0% during the third quarter. NovaPoint Capital LLC now owns 15,228 shares of the utilities provider’s stock worth $880,000 after buying an additional 5,010 shares in the last quarter. Capital Investment Advisors LLC grew its position in Dominion Energy by 0.3% during the third quarter. Capital Investment Advisors LLC now owns 74,656 shares of the utilities provider’s stock worth $4,314,000 after buying an additional 211 shares in the last quarter. Blue Trust Inc. grew its position in Dominion Energy by 48.1% during the third quarter. Blue Trust Inc. now owns 20,372 shares of the utilities provider’s stock worth $1,177,000 after buying an additional 6,621 shares in the last quarter. Finally, Precedent Wealth Partners LLC grew its position in Dominion Energy by 21.8% during the third quarter. Precedent Wealth Partners LLC now owns 13,087 shares of the utilities provider’s stock worth $756,000 after buying an additional 2,345 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock traded up $0.18 during trading hours on Friday, reaching $59.92. 4,053,132 shares of the company’s stock were exchanged, compared to its average volume of 4,406,920. The company has a 50 day moving average of $57.10 and a two-hundred day moving average of $53.29. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $60.73. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock has a market cap of $50.19 billion, a P/E ratio of 30.89, a P/E/G ratio of 1.52 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $0.53 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.46%. Dominion Energy’s payout ratio is 137.63%.

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.