Sharp Financial Services LLC Grows Position in Dominion Energy, Inc. (NYSE:D)

Sharp Financial Services LLC grew its stake in Dominion Energy, Inc. (NYSE:D) by 30.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,550 shares of the utilities provider’s stock after purchasing an additional 2,450 shares during the period. Sharp Financial Services LLC’s holdings in Dominion Energy were worth $568,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of D. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $28,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC lifted its position in shares of 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 buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of 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 Stock Down 5.3 %

Shares of D opened at $52.93 on Thursday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a market capitalization of $44.46 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. The stock has a fifty day simple moving average of $55.41 and a two-hundred day simple moving average of $55.90. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

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

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.