Schrum Private Wealth Management LLC Buys New Stake in Dominion Energy, Inc. (NYSE:D)

Schrum Private Wealth Management LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the third quarter, HoldingsChannel reports. The fund purchased 4,246 shares of the utilities provider’s stock, valued at approximately $245,000.

A number of other hedge funds also recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in shares of Dominion Energy by 27.0% in the 1st quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 2,406 shares during the period. QRG Capital Management Inc. purchased a new position in Dominion Energy during the first quarter worth $272,000. Bleakley Financial Group LLC increased its position in Dominion Energy by 6.4% during the first quarter. Bleakley Financial Group LLC now owns 23,639 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 1,425 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Dominion Energy by 15.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 101,086 shares of the utilities provider’s stock valued at $4,972,000 after acquiring an additional 13,336 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Dominion Energy in the first quarter valued at $303,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.8 %

Shares of NYSE D opened at $56.58 on Thursday. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The stock’s fifty day simple moving average is $58.06 and its two-hundred day simple moving average is $54.50. The stock has a market capitalization of $47.53 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.52 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 (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.91.

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.