Dominion Energy, Inc. (NYSE:D) Shares Acquired by Shelton Wealth Management LLC

Shelton Wealth Management LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,770 shares of the utilities provider’s stock after purchasing an additional 2,034 shares during the period. Shelton Wealth Management LLC’s holdings in Dominion Energy were worth $742,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in D. BLB&B Advisors LLC grew its holdings in shares of Dominion Energy by 2.5% during the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after buying an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares in the last quarter. Passumpsic Savings Bank lifted its position in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after buying an additional 200 shares in the last quarter. Finally, Busey Bank boosted its stake in shares of Dominion Energy by 3.4% during the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock valued at $354,000 after buying an additional 203 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on D shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Up 0.5 %

NYSE:D opened at $55.34 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The business’s 50-day simple moving average is $55.54 and its 200-day simple moving average is $55.66. The stock has a market capitalization of $46.49 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its earnings results 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. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 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.