Dominion Energy, Inc. (NYSE:D) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd raised its position in Dominion Energy, Inc. (NYSE:D) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,300 shares of the utilities provider’s stock after acquiring an additional 300 shares during the quarter. Alta Advisers Ltd’s holdings in Dominion Energy were worth $113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Family Firm Inc. acquired a new position in Dominion Energy during the 2nd quarter worth $27,000. Rise Advisors LLC acquired a new position in Dominion Energy during the 1st quarter worth $30,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter worth $32,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy during the 2nd quarter worth $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on D. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.11.

Dominion Energy Trading Up 1.7 %

Shares of NYSE:D opened at $58.16 on Friday. The company has a market cap of $48.79 billion, a PE ratio of 29.98, a P/E/G ratio of 1.53 and a beta of 0.60. The company’s 50-day moving average price is $54.47 and its 200 day moving average price is $51.57. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.18. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm earned $0.53 EPS. Dominion Energy’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. Dominion Energy’s dividend payout ratio (DPR) 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.