Eastern Bank Acquires New Holdings in Dominion Energy, Inc. (NYSE:D)

Eastern Bank bought a new position in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, HoldingsChannel reports. The fund bought 8,902 shares of the utilities provider’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Caprock Group LLC lifted 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 worth $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 49,740 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Dominion Energy in the first quarter valued at approximately $708,000. QRG Capital Management Inc. acquired a new position in shares of Dominion Energy during the first quarter valued at approximately $272,000. Finally, BKM Wealth Management LLC raised its holdings in Dominion Energy by 74.4% during the first quarter. BKM Wealth Management LLC now owns 2,007 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 856 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.6 %

NYSE D opened at $60.93 on Thursday. The firm’s 50 day moving average price is $57.41 and its two-hundred day moving average price is $53.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a twelve month low of $39.44 and a twelve month high of $60.93. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on D shares. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased 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. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $55.40.

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.