Horizon Kinetics Asset Management LLC Purchases Shares of 8,250 Dominion Energy, Inc. (NYSE:D)

Horizon Kinetics Asset Management LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,250 shares of the utilities provider’s stock, valued at approximately $477,000.

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

Dominion Energy Stock Up 0.6 %

D stock opened at $58.51 on Tuesday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The business has a 50-day simple moving average of $58.07 and a 200 day simple moving average of $54.88. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market cap of $49.14 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Wall Street Analyst Weigh In

D has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank increased 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 began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. 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 note on Monday, August 12th. Finally, Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.91.

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.