Assetmark Inc. Purchases 6,634 Shares of Dominion Energy, Inc. (NYSE:D)

Assetmark Inc. increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 29.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,792 shares of the utilities provider’s stock after acquiring an additional 6,634 shares during the period. Assetmark Inc.’s holdings in Dominion Energy were worth $1,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter worth $27,000. LRI Investments LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $30,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy in the 2nd quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter worth about $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. 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 report on Monday, August 12th. BMO Capital Markets lifted 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. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays upped their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Price Performance

Shares of D opened at $56.18 on Friday. The stock has a market cap of $47.19 billion, a PE ratio of 19.85, a PEG ratio of 1.52 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50-day simple moving average of $58.05 and a two-hundred day simple moving average of $54.52. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly 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. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share 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. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.75%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.