Stonegate Investment Group LLC Purchases 727 Shares of Dominion Energy, Inc. (NYSE:D)

Stonegate Investment Group LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 5.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,078 shares of the utilities provider’s stock after purchasing an additional 727 shares during the quarter. Stonegate Investment Group LLC’s holdings in Dominion Energy were worth $871,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in D. Family Firm Inc. bought a new position in shares of Dominion Energy in the 2nd quarter worth $27,000. Rise Advisors LLC bought a new position in shares of Dominion Energy in the 1st quarter worth $30,000. LRI Investments LLC bought a new position in shares of Dominion Energy during the 1st quarter valued at $30,000. Triad Wealth Partners LLC bought a new position in shares of Dominion Energy during the 2nd quarter valued at $33,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Dominion Energy during the 2nd quarter valued at $35,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of several recent research reports. Scotiabank increased their target price 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. JPMorgan Chase & Co. increased their target price 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. Barclays increased their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, BMO Capital Markets increased their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Trading Up 0.3 %

NYSE:D opened at $59.92 on Friday. The company has a 50-day moving average price of $57.10 and a 200-day moving average price of $53.29. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month 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 price-to-earnings 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 earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the company posted $0.53 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

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

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.