HighTower Advisors LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

HighTower Advisors LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 34.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 394,423 shares of the utilities provider’s stock after buying an additional 101,665 shares during the quarter. HighTower Advisors LLC’s holdings in Dominion Energy were worth $22,799,000 at the end of the most recent quarter.

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

Dominion Energy Trading Up 1.0 %

NYSE:D opened at $56.92 on Friday. The company has a market cap of $47.81 billion, a PE ratio of 19.97, a P/E/G ratio of 1.51 and a beta of 0.59. The business’s 50 day moving average is $58.15 and its two-hundred day moving average is $55.13. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. On average, analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.33.

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.