Kestra Investment Management LLC Takes $235,000 Position in Dominion Energy, Inc. (NYSE:D)

Kestra Investment Management LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,075 shares of the utilities provider’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in Dominion Energy in the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the third quarter worth about $32,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy during the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 2.4 %

Shares of D stock opened at $57.35 on Tuesday. The firm has a fifty day moving average of $58.19 and a 200-day moving average of $55.06. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a market capitalization of $48.17 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.56 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.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday. They set an “equal weight” rating and a $61.00 price target for the company. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. BMO Capital Markets increased 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. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.33.

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.