DRW Securities LLC Purchases Shares of 87,820 Dominion Energy, Inc. (NYSE:D)

DRW Securities LLC purchased a new position in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 87,820 shares of the utilities provider’s stock, valued at approximately $5,075,000.

Several other institutional investors have also modified their holdings of D. Family Firm Inc. bought a new stake in Dominion Energy in the second quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the third quarter valued at about $28,000. LRI Investments LLC bought a new stake in Dominion Energy in the first quarter valued at about $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at about $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Dominion Energy in the second quarter valued at about $33,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Ten investment 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 has a consensus rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Performance

Shares of D stock opened at $58.14 on Monday. 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 $48.84 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The business has a 50 day simple moving average of $58.07 and a 200 day simple moving average of $54.84. 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 (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed 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 4.59%. 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.