CWA Asset Management Group LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

CWA Asset Management Group LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,423 shares of the utilities provider’s stock, valued at approximately $545,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Equitable Trust Co. acquired a new stake in shares of Dominion Energy in the 3rd quarter worth $216,000. Leavell Investment Management Inc. grew its position in shares of Dominion Energy by 22.3% in the third quarter. Leavell Investment Management Inc. now owns 10,302 shares of the utilities provider’s stock valued at $595,000 after purchasing an additional 1,879 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Dominion Energy during the third quarter worth $88,000. Stiles Financial Services Inc acquired a new position in Dominion Energy in the 3rd quarter valued at about $224,000. Finally, Dudley Capital Management LLC purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $252,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several research analyst reports. 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 research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday. 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 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, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Stock Performance

Shares of NYSE D opened at $58.19 on Tuesday. The stock has a fifty day moving average price of $58.01 and a two-hundred day moving average price of $54.40. The firm has a market cap of $48.88 billion, a P/E ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 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 during 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 business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. Research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS 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. Shareholders of record on Friday, November 29th will be given 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 4.59%. Dominion Energy’s payout ratio is 93.68%.

Dominion Energy Company 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.