1,272 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Coastline Trust Co

Coastline Trust Co purchased a new position in Dominion Energy, Inc. (NYSE:D) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,272 shares of the utilities provider’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth about $28,000. Family Firm Inc. purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $32,000. Reston Wealth Management LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at $36,000. Finally, Triad Wealth Partners LLC purchased a new stake in Dominion Energy in the second quarter valued at $33,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on D. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Up 2.6 %

Shares of Dominion Energy stock opened at $57.63 on Friday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company’s 50-day simple moving average is $58.03 and its 200-day simple moving average is $54.60. The firm has a market cap of $48.41 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping 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 firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 4.63%. Dominion Energy’s payout ratio is currently 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.