Dunhill Financial LLC Purchases 487 Shares of Dominion Energy, Inc. (NYSE:D)

Dunhill Financial LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 601.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 568 shares of the utilities provider’s stock after buying an additional 487 shares during the quarter. Dunhill Financial LLC’s holdings in Dominion Energy were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of D. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy in the 3rd quarter valued at $28,000. Family Firm Inc. bought a new stake in Dominion Energy during the second quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the 3rd quarter valued at about $32,000. Larson Financial Group LLC lifted its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Dominion Energy during the 3rd quarter valued at $36,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $56.05 on Monday. The business has a fifty day simple moving average of $58.13 and a 200 day simple moving average of $55.17. The company has a market cap of $47.08 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.49 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.76%. Dominion Energy’s payout ratio is presently 93.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank boosted 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, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven research 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 currently has an average rating of “Hold” and a consensus target price of $56.33.

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.