Salem Investment Counselors Inc. Has $335,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Salem Investment Counselors Inc. boosted its position in Dominion Energy, Inc. (NYSE:D) by 8.7% in the 4th quarter, HoldingsChannel reports. The firm owned 6,222 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. Salem Investment Counselors Inc.’s holdings in Dominion Energy were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the third quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at about $32,000. Dunhill Financial LLC boosted its holdings in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares during the period. Larson Financial Group LLC grew its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Dominion Energy during the third quarter worth approximately $36,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on D. Morgan Stanley began 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. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 0.0 %

Shares of NYSE D opened at $53.41 on Tuesday. The stock has a 50-day moving average price of $55.74 and a two-hundred day moving average price of $55.65. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $44.86 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 5.00%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.