Bank of Montreal Can Boosts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Bank of Montreal Can increased its position in Dominion Energy, Inc. (NYSE:D) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 907,946 shares of the utilities provider’s stock after acquiring an additional 78,424 shares during the period. Bank of Montreal Can owned about 0.11% of Dominion Energy worth $51,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Dominion Energy in the second quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the 3rd quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in Dominion Energy during the 1st quarter valued at $30,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth $33,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 1.0 %

NYSE D opened at $59.71 on Thursday. 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, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The firm has a market capitalization of $50.16 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.56 and a beta of 0.59. The company has a fifty day moving average of $58.13 and a two-hundred day moving average of $54.96.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. On average, analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.