Dominion Energy, Inc. (NYSE:D) Shares Bought by Cullinan Associates Inc.

Cullinan Associates Inc. grew its holdings in Dominion Energy, Inc. (NYSE:D) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,078 shares of the utilities provider’s stock after purchasing an additional 700 shares during the quarter. Cullinan Associates Inc.’s holdings in Dominion Energy were worth $1,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in shares of Dominion Energy during the second quarter worth about $27,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at about $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at about $35,000. Finally, Kimelman & Baird LLC purchased a new position in Dominion Energy during the second quarter worth about $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on D shares. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets increased their price objective 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. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Price Performance

Shares of D traded down $0.19 during mid-day trading on Friday, hitting $60.58. The company’s stock had a trading volume of 192,506 shares, compared to its average volume of 4,364,106. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.60 and a beta of 0.60. The firm has a 50-day moving average price of $57.41 and a 200 day moving average price of $53.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) 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 analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors 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 dividend yield of 4.41%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.