Banco Santander S.A. Makes New $287,000 Investment in Dominion Energy, Inc. (NYSE:D)

Banco Santander S.A. purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, HoldingsChannel reports. The firm purchased 4,963 shares of the utilities provider’s stock, valued at approximately $287,000.

Other large investors have also made changes to their positions in the company. Family Firm Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter worth approximately $28,000. LRI Investments LLC acquired a new position in Dominion Energy during the first quarter valued at approximately $30,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter worth $33,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $58.14 on Friday. The firm has a 50 day simple moving average of $58.07 and a 200 day simple moving average of $54.82. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $48.84 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.55 and a beta of 0.59.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 annualized dividend and a yield of 4.59%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays boosted 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 lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Ten 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, the company currently has an average rating of “Hold” and an average 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.