Plan Group Financial LLC Has $855,000 Stake in Dominion Energy, Inc. (NYSE:D)

Plan Group Financial LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,800 shares of the utilities provider’s stock after buying an additional 1,683 shares during the period. Plan Group Financial LLC’s holdings in Dominion Energy were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. AdvisorNet Financial Inc raised its position in shares of Dominion Energy by 25.8% in the first quarter. AdvisorNet Financial Inc now owns 3,992 shares of the utilities provider’s stock valued at $196,000 after buying an additional 819 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Dominion Energy by 27.4% in the first quarter. Gateway Investment Advisers LLC now owns 5,442 shares of the utilities provider’s stock valued at $268,000 after buying an additional 1,169 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in Dominion Energy by 48.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 10,342 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 3,387 shares in the last quarter. Sovereign Financial Group Inc. raised its position in Dominion Energy by 4.1% during the first quarter. Sovereign Financial Group Inc. now owns 16,134 shares of the utilities provider’s stock valued at $794,000 after purchasing an additional 631 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Dominion Energy by 7.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,649 shares of the utilities provider’s stock valued at $5,394,000 after purchasing an additional 7,670 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $59.80 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $39.44 and a twelve month high of $60.73. The stock has a market cap of $50.09 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.60 and a beta of 0.60. The company’s fifty day moving average is $57.31 and its 200 day moving average is $53.52.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.46%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their price target on shares of 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. upped 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. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.40.

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.