Frazier Financial Advisors LLC Invests $32,000 in Dominion Energy, Inc. (NYSE:D)

Frazier Financial Advisors LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 561 shares of the utilities provider’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after buying an additional 477,181 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Capital Research Global Investors boosted its stake in Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after buying an additional 3,613,614 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after buying an additional 940,402 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several analyst reports. Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets raised their price objective 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. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Jefferies Financial Group assumed 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. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Trading Up 2.6 %

D opened at $57.63 on Friday. The stock’s fifty day moving average is $58.03 and its two-hundred day moving average is $54.60. The company has a market capitalization of $48.41 billion, a P/E ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. 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 released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the business posted $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.63%. Dominion Energy’s dividend payout ratio is presently 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.