Truvestments Capital LLC Takes $183,000 Position in Dominion Energy, Inc. (NYSE:D)

Truvestments Capital LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,160 shares of the utilities provider’s stock, valued at approximately $183,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its holdings in Dominion Energy by 1.3% in the third quarter. Brown Brothers Harriman & Co. now owns 19,139 shares of the utilities provider’s stock worth $1,106,000 after acquiring an additional 253 shares in the last quarter. Boston Family Office LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at approximately $222,000. DRW Securities LLC acquired a new stake in Dominion Energy in the 3rd quarter worth approximately $5,075,000. Independent Advisor Alliance grew its position in Dominion Energy by 9.9% during the 3rd quarter. Independent Advisor Alliance now owns 67,464 shares of the utilities provider’s stock worth $3,899,000 after purchasing an additional 6,078 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in Dominion Energy by 83.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,329 shares of the utilities provider’s stock valued at $1,117,000 after purchasing an additional 8,799 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on D. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Up 0.6 %

Shares of NYSE:D opened at $58.51 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The business has a 50 day moving average of $58.07 and a two-hundred day moving average of $54.88. The company has a market capitalization of $49.14 billion, a PE ratio of 20.53, a PEG ratio of 1.55 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm 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 was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. As a group, analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 4.56%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.