Trueblood Wealth Management LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Trueblood Wealth Management LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,840 shares of the utilities provider’s stock, valued at approximately $222,000.

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

Dominion Energy Stock Down 2.0 %

NYSE D opened at $59.58 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $39.44 and a 52 week high of $61.26. The business’s fifty day simple moving average is $57.60 and its 200-day simple moving average is $53.72. The firm has a market cap of $49.90 billion, a PE ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.48%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised their price target 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. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.