3,528 Shares in Dominion Energy, Inc. (NYSE:D) Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the third quarter, HoldingsChannel reports. The fund purchased 3,528 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Oppenheimer & Co. Inc. grew its stake in shares of Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after buying an additional 12,890 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 5,525 shares during the last quarter. Ascent Wealth Partners LLC purchased a new position in Dominion Energy in the third quarter worth about $1,223,000. Pathway Financial Advisers LLC increased its stake in Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after acquiring an additional 37,514 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Dominion Energy by 3.8% during the third quarter. Asset Management One Co. Ltd. now owns 315,645 shares of the utilities provider’s stock valued at $18,241,000 after purchasing an additional 11,517 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $57.80 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a market capitalization of $48.55 billion, a PE ratio of 20.28, a P/E/G ratio of 1.53 and a beta of 0.59. The business’s 50 day moving average price is $58.05 and its 200-day moving average price is $54.73.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their target price 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. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.91.

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.