3,845 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Forum Financial Management LP

Forum Financial Management LP bought a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,845 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of D. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Dominion Energy by 17.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,020 shares of the utilities provider’s stock valued at $7,523,000 after acquiring an additional 22,982 shares during the last quarter. Choreo LLC boosted its holdings in Dominion Energy by 4.7% in the first quarter. Choreo LLC now owns 5,157 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 230 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Dominion Energy by 11.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,957 shares of the utilities provider’s stock worth $1,523,000 after purchasing an additional 3,304 shares during the period. Commerce Bank raised its stake in Dominion Energy by 4.8% during the 1st quarter. Commerce Bank now owns 143,094 shares of the utilities provider’s stock valued at $7,039,000 after buying an additional 6,595 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Dominion Energy by 8.0% during the 1st quarter. Richardson Financial Services Inc. now owns 3,666 shares of the utilities provider’s stock valued at $180,000 after buying an additional 271 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Performance

D opened at $58.59 on Wednesday. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.57 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a fifty day moving average of $57.94 and a 200 day moving average of $54.27.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (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 analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.39% and a net margin of 16.95%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. Dominion Energy’s dividend payout ratio is currently 93.68%.

About Dominion Energy

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.