Salem Investment Counselors Inc. Buys 500 Shares of Dominion Energy, Inc. (NYSE:D)

Salem Investment Counselors Inc. lifted its stake in Dominion Energy, Inc. (NYSE:D) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,222 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Salem Investment Counselors Inc.’s holdings in Dominion Energy were worth $335,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% in 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 during the last quarter. Larson Financial Group LLC grew its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $36,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Jefferies Financial Group initiated 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. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, Barclays lifted 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. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Up 0.0 %

Shares of Dominion Energy stock opened at $53.41 on Tuesday. The firm has a market cap of $44.86 billion, a PE ratio of 18.74, a P/E/G ratio of 1.44 and a beta of 0.60. The business’s 50 day simple moving average is $55.74 and its 200 day simple moving average is $55.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS 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 net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

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.