Cypress Capital Group Boosts Stock Position in Dominion Energy, Inc. (NYSE:D)

Cypress Capital Group grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,416 shares of the utilities provider’s stock after buying an additional 478 shares during the period. Cypress Capital Group’s holdings in Dominion Energy were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in D. Altman Advisors Inc. lifted its holdings in Dominion Energy by 1.0% in the 3rd quarter. Altman Advisors Inc. now owns 29,315 shares of the utilities provider’s stock worth $1,694,000 after buying an additional 284 shares during the period. Jennison Associates LLC grew its stake in shares of Dominion Energy by 6.8% during the 3rd quarter. Jennison Associates LLC now owns 1,261,170 shares of the utilities provider’s stock valued at $72,883,000 after purchasing an additional 80,683 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $347,000. West Family Investments Inc. purchased a new position in shares of Dominion Energy during the 3rd quarter valued at about $204,000. Finally, Second Half Financial Partners LLC purchased a new position in Dominion Energy in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped 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. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Trading Up 1.0 %

NYSE D opened at $58.36 on Friday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a market cap of $49.03 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 0.59. The firm’s 50 day moving average price is $58.07 and its two-hundred day moving average price is $54.76.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm 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 4.57%. The ex-dividend date is Friday, November 29th. Dominion Energy’s 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.