Dudley Capital Management LLC Acquires New Shares in Dominion Energy, Inc. (NYSE:D)

Dudley Capital Management LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,361 shares of the utilities provider’s stock, valued at approximately $252,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on D. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Scotiabank raised 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. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Performance

Shares of D opened at $56.64 on Friday. The firm has a market capitalization of $47.58 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.52 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a 50 day moving average price of $57.96 and a two-hundred day moving average price of $54.29. 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 (NYSE:D) last announced its quarterly earnings results 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.