Occidental Asset Management LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Occidental Asset Management LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,924 shares of the utilities provider’s stock after purchasing an additional 3,948 shares during the period. Occidental Asset Management LLC’s holdings in Dominion Energy were worth $3,982,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter valued at approximately $28,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy in the 4th quarter worth $27,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC raised its stake in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $55.10 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business’s fifty day simple moving average is $55.57 and its 200-day simple moving average is $55.67. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.16 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.85%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. 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 for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $56.58.

About Dominion Energy

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.