Pathway Financial Advisers LLC Grows Stake in Dominion Energy, Inc. (NYSE:D)

Pathway Financial Advisers LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 351.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,176 shares of the utilities provider’s stock after buying an additional 37,514 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Dominion Energy were worth $2,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Highview Capital Management LLC DE raised its position in shares of Dominion Energy by 1.3% in the 3rd quarter. Highview Capital Management LLC DE now owns 16,559 shares of the utilities provider’s stock worth $957,000 after acquiring an additional 211 shares in the last quarter. Eagle Strategies LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth approximately $205,000. Fidelis Capital Partners LLC raised its position in shares of Dominion Energy by 3.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,266 shares of the utilities provider’s stock worth $565,000 after acquiring an additional 280 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Dominion Energy by 7.3% in the 3rd quarter. Valmark Advisers Inc. now owns 9,451 shares of the utilities provider’s stock worth $546,000 after acquiring an additional 639 shares in the last quarter. Finally, GW Henssler & Associates Ltd. raised its position in shares of Dominion Energy by 2.6% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 539,499 shares of the utilities provider’s stock worth $31,178,000 after acquiring an additional 13,487 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of several research reports. Barclays increased their target price on 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 started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Down 2.5 %

Dominion Energy stock opened at $58.62 on Wednesday. The firm has a market cap of $49.10 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 1.59 and a beta of 0.60. The stock has a fifty day simple moving average of $57.72 and a two-hundred day simple moving average of $53.91. Dominion Energy, Inc. has a 12 month low of $39.44 and a 12 month high of $61.26. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

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.