Dominion Energy, Inc. (NYSE:D) Shares Acquired by ASB Consultores LLC

ASB Consultores LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,161 shares of the utilities provider’s stock after purchasing an additional 557 shares during the quarter. ASB Consultores LLC’s holdings in Dominion Energy were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of Dominion Energy in the second quarter worth about $27,000. Rise Advisors LLC acquired a new position in Dominion Energy in the 1st quarter worth approximately $30,000. LRI Investments LLC purchased a new position in Dominion Energy during the 1st quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy during the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the 2nd quarter valued at $35,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.8 %

D stock opened at $57.93 on Friday. The company’s 50 day moving average price is $55.23 and its 200 day moving average price is $51.95. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. 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 (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analysts Set New Price Targets

Several research analysts recently issued reports on D shares. BMO Capital Markets raised their target price on shares of 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 initiated coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $54.50.

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.