Sharp Financial Services LLC Acquires 2,450 Shares of Dominion Energy, Inc. (NYSE:D)

Sharp Financial Services LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,550 shares of the utilities provider’s stock after purchasing an additional 2,450 shares during the period. Sharp Financial Services LLC’s holdings in Dominion Energy were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of D. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the third quarter valued at $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC increased 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 during the last quarter. Finally, Larson Financial Group LLC increased 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 during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $52.93 on Thursday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The firm’s 50-day moving average price is $55.41 and its 200-day moving average price is $55.90. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market cap of $44.46 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays boosted their target price 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy 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.