Hollow Brook Wealth Management LLC Purchases New Position in Dominion Energy, Inc. (NYSE:D)

Hollow Brook Wealth Management LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,950 shares of the utilities provider’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently modified their holdings of D. Family Firm Inc. purchased a new position in Dominion Energy in the second quarter worth about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at approximately $32,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the 2nd quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy in the second quarter worth $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $58.72 on Monday. The firm has a 50 day moving average of $58.19 and a two-hundred day moving average of $55.06. The firm has a market capitalization of $49.33 billion, a PE ratio of 20.61, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for 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%. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.55%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

D has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday. They set an “equal weight” rating and a $61.00 price objective on the stock. Finally, Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.33.

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.