Gordian Capital Singapore Pte Ltd Purchases 5,400 Shares of Dominion Energy, Inc. (NYSE:D)

Gordian Capital Singapore Pte Ltd lifted its position in Dominion Energy, Inc. (NYSE:D) by 105.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,500 shares of the utilities provider’s stock after purchasing an additional 5,400 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Dominion Energy were worth $607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Dominion Energy by 3.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 275,300 shares of the utilities provider’s stock valued at $15,910,000 after purchasing an additional 8,957 shares in the last quarter. Dunhill Financial LLC raised its position in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Dominion Energy by 31.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 204,208 shares of the utilities provider’s stock worth $11,801,000 after buying an additional 49,165 shares during the period. XTX Topco Ltd bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $1,412,000. Finally, National Bank of Canada FI increased its stake in shares of Dominion Energy by 61.0% during the third quarter. National Bank of Canada FI now owns 467,014 shares of the utilities provider’s stock valued at $26,988,000 after buying an additional 176,932 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $56.05 on Monday. The stock’s 50 day simple moving average is $58.13 and its two-hundred day simple moving average is $55.17. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $47.08 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.49 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group reissued 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 began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. 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 note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target 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. Finally, Scotiabank boosted their price objective 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. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.33.

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.