Dominion Energy, Inc. (NYSE:D) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,355 shares of the utilities provider’s stock after acquiring an additional 1,621 shares during the quarter. Kovack Advisors Inc.’s holdings in Dominion Energy were worth $656,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy during the second quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy during the second quarter worth about $35,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on D shares. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped 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. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Ten 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 has a consensus rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Down 0.8 %

D stock opened at $56.58 on Thursday. 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 50-day moving average of $58.06 and a two-hundred day moving average of $54.50. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results 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 company had revenue of $3.94 billion during 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 company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.