Birchcreek Wealth Management LLC Acquires 2,700 Shares of Dominion Energy, Inc. (NYSE:D)

Birchcreek Wealth Management LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 50.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,051 shares of the utilities provider’s stock after buying an additional 2,700 shares during the period. Birchcreek Wealth Management LLC’s holdings in Dominion Energy were worth $465,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of D. BLB&B Advisors LLC lifted its stake in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after buying an additional 173 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after buying an additional 195 shares during the period. Valley National Advisers Inc. increased its stake in shares of Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 198 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Up 0.8 %

Shares of D stock traded up $0.44 during trading hours on Friday, reaching $56.63. 331,225 shares of the stock were exchanged, compared to its average volume of 4,413,892. The business’s fifty day moving average is $58.02 and its two-hundred day moving average is $54.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The firm has a market capitalization of $47.57 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.51 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.71%. Dominion Energy’s dividend payout ratio is presently 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.