Farther Finance Advisors LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

Farther Finance Advisors LLC boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,995 shares of the utilities provider’s stock after acquiring an additional 841 shares during the period. Farther Finance Advisors LLC’s holdings in Dominion Energy were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Lowe Brockenbrough & Co. Inc. boosted its holdings in Dominion Energy by 2.0% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 28,464 shares of the utilities provider’s stock worth $1,645,000 after acquiring an additional 556 shares in the last quarter. Nadler Financial Group Inc. bought a new position in Dominion Energy in the 3rd quarter worth about $235,000. New York State Common Retirement Fund grew its position in Dominion Energy by 1.7% during the 3rd quarter. New York State Common Retirement Fund now owns 991,155 shares of the utilities provider’s stock valued at $57,279,000 after purchasing an additional 16,200 shares during the last quarter. Stephens Inc. AR increased its stake in Dominion Energy by 16.7% during the 3rd quarter. Stephens Inc. AR now owns 87,879 shares of the utilities provider’s stock valued at $5,079,000 after purchasing an additional 12,597 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new position in Dominion Energy in the third quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.8 %

Shares of D stock opened at $56.64 on Friday. The company has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $54.29. The stock has a market cap of $47.58 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.53 and a beta of 0.59. 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.

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, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on D shares. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. 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. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.