Graham Capital Wealth Management LLC Purchases 1,268 Shares of Dominion Energy, Inc. (NYSE:D)

Graham Capital Wealth Management LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 2.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,735 shares of the utilities provider’s stock after acquiring an additional 1,268 shares during the period. Dominion Energy comprises 2.8% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Graham Capital Wealth Management LLC’s holdings in Dominion Energy were worth $2,759,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Dominion Energy by 2.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 100,411 shares of the utilities provider’s stock worth $5,802,000 after purchasing an additional 2,805 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Dominion Energy by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 145,721 shares of the utilities provider’s stock worth $8,289,000 after purchasing an additional 9,618 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Dominion Energy by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,361 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 220 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after purchasing an additional 37,514 shares in the last quarter. Finally, Sageworth Trust Co bought a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $260,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D traded down $1.19 during trading hours on Friday, hitting $59.58. 3,200,543 shares of the company were exchanged, compared to its average volume of 4,378,637. The company has a market cap of $49.90 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average is $57.60 and its 200 day moving average is $53.72.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on D shares. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Company 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.