Second Half Financial Partners LLC Takes $260,000 Position in Dominion Energy, Inc. (NYSE:D)

Second Half Financial Partners LLC purchased a new position in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,506 shares of the utilities provider’s stock, valued at approximately $260,000.

Other large investors also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at about $30,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter worth about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Dominion Energy during the second quarter worth about $33,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.5 %

NYSE D opened at $57.43 on Tuesday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock has a market capitalization of $48.24 billion, a P/E ratio of 20.26, a PEG ratio of 1.53 and a beta of 0.59. The firm’s 50-day moving average is $58.04 and its two-hundred day moving average is $54.67. 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 (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.91.

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.