Larson Financial Group LLC Acquires 449 Shares of Dominion Energy, Inc. (NYSE:D)

Larson Financial Group LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 282.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 608 shares of the utilities provider’s stock after buying an additional 449 shares during the quarter. Larson Financial Group LLC’s holdings in Dominion Energy were worth $35,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Oppenheimer & Co. Inc. boosted its position in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after buying an additional 5,525 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after buying an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $1,223,000. Finally, Pathway Financial Advisers LLC lifted its position in Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 37,514 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on D shares. BMO Capital Markets upped 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. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Down 0.5 %

D stock opened at $58.75 on Friday. 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’s fifty day simple moving average is $58.19 and its 200-day simple moving average is $55.05. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a market capitalization of $49.35 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for 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 revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. As a group, equities research 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. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

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.