3,850 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Boston Family Office LLC

Boston Family Office LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the third quarter, Holdings Channel reports. The fund acquired 3,850 shares of the utilities provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Firm Inc. acquired a new position in Dominion Energy during the second quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $28,000. LRI Investments LLC purchased a new stake in Dominion Energy in the 1st quarter valued at $30,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Dominion Energy during the 2nd quarter worth $33,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $58.51 on Tuesday. The company has a market capitalization of $49.14 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.55 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. The firm has a 50-day moving average price of $58.07 and a 200-day moving average price of $54.88. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business earned $0.77 EPS. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. Equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued 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 yield of 4.56%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.91.

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.