Dominion Energy, Inc. (NYSE:D) Shares Acquired by ASB Consultores LLC

ASB Consultores LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,161 shares of the utilities provider’s stock after acquiring an additional 557 shares during the quarter. ASB Consultores LLC’s holdings in Dominion Energy were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at about $27,000. Rise Advisors LLC purchased a new position in Dominion Energy in the 1st quarter worth about $30,000. LRI Investments LLC acquired a new position in Dominion Energy in the 1st quarter worth about $30,000. Triad Wealth Partners LLC purchased a new stake in Dominion Energy during the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at $35,000. 73.04% of the shares are owned by hedge funds and other institutional investors.

Dominion Energy stocks rose 0.8%

D stock opened at $57.93 on Friday. The company’s 50-day moving average price is $55.23 and its 200-day moving average price is $51.95. The firm has a market cap of $48.60 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. it has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78, and a current ratio of 0.93.

Dominion Energy (NYSE:D – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of $0.53. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30. This represents a dividend of $2.67 on an annualized basis and a yield of 4.61%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts set new price targets

Several research analysts have recently issued reports on shares of D. BMO Capital Markets upped their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $54.50, according to MarketBeat.com.

Read our latest review of D

Dominion Energy Company Profile

(Free Report)

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. Dominion Energy’s Virginia segment generates, transmits and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial and government customers in Virginia and North Carolina.

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