San Luis Wealth Advisors LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 114.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,438 shares of the utilities provider’s stock after acquiring an additional 6,629 shares during the period. San Luis Wealth Advisors LLC’s holdings in Dominion Energy were worth $719,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Family Firm Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $27,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth approximately $30,000. LRI Investments LLC bought a new position in shares of Dominion Energy during the 1st quarter worth approximately $32,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy in the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter worth $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Trading Down 1.6 %
Shares of Dominion Energy stock opened at $55.47 on Friday. The stock has a market cap of $46.54 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. The firm has a fifty day moving average price of $56.64 and a 200 day moving average price of $52.88. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.81%. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective 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. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Finally, Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.50.
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Dominion Energy 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.
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