Boston Family Office LLC Invests $222,000 in Dominion Energy, Inc. (NYSE:D)

Boston Family Office LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,850 shares of the utilities provider’s stock, valued at approximately $222,000.

Several other institutional investors have also added to or reduced their stakes in D. Family Firm Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy during the third quarter worth approximately $28,000. LRI Investments LLC bought a new position in Dominion Energy during the 1st quarter worth $30,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $33,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Scotiabank boosted 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. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective 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. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, BMO Capital Markets increased 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Price Performance

Dominion Energy stock opened at $58.51 on Tuesday. The firm has a market cap of $49.14 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.55 and a beta of 0.59. The stock’s 50 day moving average is $58.07 and its 200 day moving average is $54.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.56%. Dominion Energy’s 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.