Dominion Energy, Inc. (NYSE:D) Shares Purchased by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,014 shares of the utilities provider’s stock after buying an additional 303 shares during the quarter. Ables Iannone Moore & Associates Inc.’s holdings in Dominion Energy were worth $755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC lifted its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth about $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock traded down $1.09 during trading hours on Monday, reaching $53.64. 3,646,221 shares of the company were exchanged, compared to its average volume of 3,288,049. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $45.06 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.44 and a beta of 0.60. The stock’s fifty day moving average is $56.33 and its two-hundred day moving average is $55.46. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating 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 business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.98%. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on D shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group started 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. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

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.