Radnor Capital Management LLC Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Radnor Capital Management LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,292 shares of the utilities provider’s stock after purchasing an additional 1,230 shares during the period. Radnor Capital Management LLC’s holdings in Dominion Energy were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of D. Mirae Asset Global Investments Co. Ltd. grew its position in Dominion Energy by 17.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,020 shares of the utilities provider’s stock worth $7,523,000 after buying an additional 22,982 shares during the period. Empirical Finance LLC raised its position in shares of Dominion Energy by 3.5% in the first quarter. Empirical Finance LLC now owns 29,858 shares of the utilities provider’s stock valued at $1,469,000 after buying an additional 1,015 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Dominion Energy by 0.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 107,254 shares of the utilities provider’s stock valued at $5,276,000 after buying an additional 280 shares during the period. Empowered Funds LLC grew its stake in 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 acquiring an additional 2,406 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on D. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Nine 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, the stock presently has a consensus rating of “Hold” and an average price target of $55.40.

Dominion Energy Stock Performance

Shares of D opened at $57.06 on Thursday. The firm has a market cap of $47.93 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.53 and a beta of 0.59. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The business’s 50 day moving average is $57.96 and its two-hundred day moving average is $54.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during 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%. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.