Eagle Strategies LLC Invests $205,000 in Dominion Energy, Inc. (NYSE:D)

Eagle Strategies LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, Holdings Channel reports. The fund acquired 3,547 shares of the utilities provider’s stock, valued at approximately $205,000.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC raised its position in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC raised its holdings in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 49,740 shares during the period. Intech Investment Management LLC bought a new position in Dominion Energy in the first quarter valued at approximately $708,000. QRG Capital Management Inc. acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $272,000. Finally, LRI Investments LLC bought a new stake in shares of Dominion Energy during the first quarter worth $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on D. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays boosted their price objective 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. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Performance

NYSE D opened at $58.46 on Thursday. The firm has a market capitalization of $48.97 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average price is $57.76 and its two-hundred day moving average price is $53.94. Dominion Energy, Inc. has a 1 year low of $39.44 and a 1 year high of $61.26.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm earned $0.53 EPS. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

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.