Brookstone Capital Management Has $10.74 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Brookstone Capital Management trimmed its position in Dominion Energy, Inc. (NYSE:D) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,354 shares of the utilities provider’s stock after selling 1,647 shares during the quarter. Brookstone Capital Management’s holdings in Dominion Energy were worth $10,737,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the third quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter valued at approximately $32,000. Dunhill Financial LLC raised its position in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Larson Financial Group LLC raised its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new position in Dominion Energy during the third quarter valued at approximately $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.0 %

Shares of Dominion Energy stock opened at $53.41 on Tuesday. The company’s fifty day simple moving average is $55.74 and its 200-day simple moving average is $55.65. The company has a market cap of $44.86 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.44 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.00%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.58.

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.