Coastal Bridge Advisors LLC Takes Position in Dominion Energy Inc. $D

Coastal Bridge Advisors LLC acquired a new position in Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,892 shares of the utilities provider’s stock, valued at approximately $1,462,000.

Several other institutional investors have also recently added to or reduced their stakes in D. Barnes Wealth Management Group Inc raised its position in Dominion Energy by 4.4% in the second quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 169 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Dominion Energy by 1.2% in the 3rd quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after buying an additional 169 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in Dominion Energy by 0.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock worth $2,394,000 after acquiring an additional 169 shares in the last quarter. SPC Financial Inc. lifted its stake in Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 172 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its holdings in Dominion Energy by 0.3% during the 3rd quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock valued at $4,309,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.2%

Shares of NYSE:D opened at $60.82 on Friday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.87. The company’s 50 day moving average is $59.68 and its two-hundred day moving average is $59.98. The company has a market cap of $51.94 billion, a PE ratio of 20.69, a P/E/G ratio of 1.64 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is 90.82%.

Analyst Ratings Changes

D has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. Barclays cut their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. BTIG Research assumed coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company reduced their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.33.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.