Dominion Energy, Inc. (NYSE:D) Shares Acquired by Centre Asset Management LLC

Centre Asset Management LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,053 shares of the utilities provider’s stock after purchasing an additional 432 shares during the quarter. Centre Asset Management LLC’s holdings in Dominion Energy were worth $326,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the third quarter valued at $32,000. Dunhill Financial LLC raised 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 buying an additional 487 shares in the last quarter. Larson Financial Group LLC lifted 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 buying an additional 449 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D stock traded up $0.49 during trading on Friday, hitting $54.89. The company had a trading volume of 409,239 shares, compared to its average volume of 1,992,636. The firm has a 50-day moving average price of $56.43 and a 200-day moving average price of $55.34. 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 firm has a market cap of $46.11 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on D. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.58.

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.