True Wealth Design LLC Buys 1,058 Shares of Dominion Energy, Inc. (NYSE:D)

True Wealth Design LLC boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 8,138.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,071 shares of the utilities provider’s stock after acquiring an additional 1,058 shares during the period. True Wealth Design LLC’s holdings in Dominion Energy were worth $62,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its stake in shares of Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 5,525 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after acquiring an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC bought a new stake in Dominion Energy in the third quarter valued at about $1,223,000. Finally, Pathway Financial Advisers LLC raised its position in Dominion Energy by 351.8% in the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after purchasing an additional 37,514 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5 %

Shares of Dominion Energy stock opened at $58.75 on Friday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business’s 50 day simple moving average is $58.19 and its 200 day simple moving average is $55.05. The firm has a market cap of $49.35 billion, a PE ratio of 20.61, a P/E/G ratio of 1.56 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business 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 firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on D shares. BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.91.

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.