Platform Technology Partners Acquires 858 Shares of Dominion Energy, Inc. (NYSE:D)

Platform Technology Partners raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,425 shares of the utilities provider’s stock after acquiring an additional 858 shares during the quarter. Platform Technology Partners’ holdings in Dominion Energy were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Empowered Funds LLC boosted its position in shares of Dominion Energy by 27.0% in the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock valued at $556,000 after acquiring an additional 2,406 shares during the period. Atomi Financial Group Inc. boosted its holdings in Dominion Energy by 31.4% in the 1st quarter. Atomi Financial Group Inc. now owns 6,053 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 1,445 shares during the period. Meeder Advisory Services Inc. increased its holdings in shares of Dominion Energy by 18.8% in the first quarter. Meeder Advisory Services Inc. now owns 9,905 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 1,567 shares during the period. QRG Capital Management Inc. bought a new position in shares of Dominion Energy in the first quarter worth $272,000. Finally, Russell Investments Group Ltd. boosted its stake in Dominion Energy by 21.3% during the first quarter. Russell Investments Group Ltd. now owns 890,781 shares of the utilities provider’s stock valued at $43,815,000 after buying an additional 156,204 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.7 %

D opened at $58.19 on Tuesday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $58.06 and its 200-day moving average price is $54.45. The company has a market cap of $48.88 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.54 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced 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 for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target 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 report on Friday. Finally, Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.91.

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.