Greystone Financial Group LLC Makes New $6.30 Million Investment in Dominion Energy, Inc. (NYSE:D)

Greystone Financial Group LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,013 shares of the utilities provider’s stock, valued at approximately $6,300,000.

Other institutional investors also recently bought and sold shares of the company. Romano Brothers AND Company bought a new stake in Dominion Energy in the 3rd quarter valued at $401,000. International Assets Investment Management LLC increased its position in shares of Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after purchasing an additional 1,463,858 shares during the period. Courier Capital LLC raised its stake in shares of Dominion Energy by 18.0% in the third quarter. Courier Capital LLC now owns 31,346 shares of the utilities provider’s stock valued at $1,811,000 after purchasing an additional 4,783 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Dominion Energy by 17.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,178 shares of the utilities provider’s stock valued at $531,000 after buying an additional 1,344 shares in the last quarter. Finally, Plan Group Financial LLC boosted its position in shares of Dominion Energy by 12.8% during the 3rd quarter. Plan Group Financial LLC now owns 14,800 shares of the utilities provider’s stock valued at $855,000 after acquiring an additional 1,683 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.6 %

D stock opened at $60.93 on Thursday. Dominion Energy, Inc. has a 1-year low of $39.44 and a 1-year high of $60.93. The business’s 50 day simple moving average is $57.41 and its 200 day simple moving average is $53.57. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $51.12 billion, a PE ratio of 32.07, a PEG ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its 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. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is 140.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on D shares. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets upped 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 raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted 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. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus 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.