Dominion Energy, Inc. (NYSE:D) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in Dominion Energy, Inc. (NYSE:D) by 22.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,343 shares of the utilities provider’s stock after purchasing an additional 12,890 shares during the period. Oppenheimer & Co. Inc.’s holdings in Dominion Energy were worth $4,007,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its holdings in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the last quarter. Ascent Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $1,223,000. Pathway Financial Advisers LLC grew its stake in Dominion Energy by 351.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 37,514 shares during the last quarter. Intech Investment Management LLC purchased a new position in Dominion Energy during the 1st quarter valued at about $708,000. Finally, QRG Capital Management Inc. acquired a new position in Dominion Energy during the first quarter worth about $272,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank boosted their price target 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.63 on Friday. 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 1-year low of $43.53 and a 1-year high of $61.97. The company has a market capitalization of $48.41 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.51 and a beta of 0.59. The business has a 50-day moving average of $58.02 and a 200-day moving average of $54.53.

Dominion Energy (NYSE:D) last posted its 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 net margin of 16.95% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced 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 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is 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.