Atlanta Consulting Group Advisors LLC Takes $681,000 Position in Dominion Energy, Inc. (NYSE:D)

Atlanta Consulting Group Advisors LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,777 shares of the utilities provider’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the second quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy during the third quarter worth about $28,000. LRI Investments LLC purchased a new stake in Dominion Energy during the first quarter worth about $30,000. Frazier Financial Advisors LLC purchased a new stake in Dominion Energy during the third quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Dominion Energy during the second quarter worth about $33,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on D shares. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Stock Performance

NYSE:D opened at $57.63 on Friday. The firm has a 50 day simple moving average of $58.03 and a 200-day simple moving average of $54.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $48.41 billion, a PE ratio of 20.22, a P/E/G ratio of 1.53 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 posted 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. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. Dominion Energy’s payout ratio is 93.68%.

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.