Hollow Brook Wealth Management LLC Makes New $228,000 Investment in Dominion Energy, Inc. (NYSE:D)

Hollow Brook Wealth Management LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,950 shares of the utilities provider’s stock, valued at approximately $228,000.

Several other large investors also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in Dominion Energy in the 2nd quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter valued at $32,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy in the second quarter worth approximately $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.1 %

NYSE:D opened at $58.72 on Monday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50-day moving average of $58.19 and a 200-day moving average of $55.06. The company has a market cap of $49.33 billion, a PE ratio of 20.61, a PEG ratio of 1.56 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analysts Set New Price Targets

A number of research analysts have weighed in on D shares. Scotiabank boosted their target price 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. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. BMO Capital Markets boosted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.33.

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.