Triangle Securities Wealth Management Purchases 410 Shares of Dominion Energy, Inc. (NYSE:D)

Triangle Securities Wealth Management raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,405 shares of the utilities provider’s stock after purchasing an additional 410 shares during the period. Triangle Securities Wealth Management’s holdings in Dominion Energy were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of D. Dimensional Fund Advisors LP boosted its holdings in shares of Dominion Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after acquiring an additional 89,379 shares during the period. Edgestream Partners L.P. bought a new position in shares of Dominion Energy in the second quarter worth $214,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Dominion Energy by 0.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock worth $2,898,000 after acquiring an additional 500 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Dominion Energy by 175.0% in the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock worth $1,938,000 after acquiring an additional 25,173 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Dominion Energy by 3.9% in the second quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock worth $336,000 after buying an additional 259 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.5 %

D opened at $55.34 on Monday. The company has a market cap of $46.49 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. The business’s 50-day moving average price is $55.49 and its 200-day moving average price is $55.76. 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 released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Ratings Changes

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