Dominion Energy, Inc. (NYSE:D) Holdings Lifted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its position in Dominion Energy, Inc. (NYSE:D) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,848 shares of the utilities provider’s stock after buying an additional 2,177 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dominion Energy were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Birmingham Capital Management Co. Inc. AL bought a new position in Dominion Energy in the 3rd quarter worth about $205,000. Inspire Trust Co. N.A. grew its position in Dominion Energy by 10.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 20,470 shares of the utilities provider’s stock worth $1,183,000 after purchasing an additional 2,000 shares during the last quarter. Old North State Trust LLC bought a new position in Dominion Energy in the 3rd quarter worth about $236,000. Franklin Resources Inc. grew its position in Dominion Energy by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after purchasing an additional 398,012 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Dominion Energy by 8.2% in the 3rd quarter. Tidal Investments LLC now owns 38,339 shares of the utilities provider’s stock worth $2,216,000 after purchasing an additional 2,891 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank upped their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays upped 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. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Trading Up 0.4 %

Shares of NYSE D opened at $54.04 on Monday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a market cap of $45.39 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.44 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 fifty day simple moving average of $57.77 and a 200-day simple moving average of $55.23.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.

Dominion Energy 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.