Trueblood Wealth Management LLC Invests $222,000 in Dominion Energy, Inc. (NYSE:D)

Trueblood Wealth Management LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,840 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Mediolanum International Funds Ltd purchased a new stake in Dominion Energy during the third quarter worth about $757,000. Cullinan Associates Inc. grew its holdings in shares of Dominion Energy by 3.4% in the third quarter. Cullinan Associates Inc. now owns 21,078 shares of the utilities provider’s stock valued at $1,267,000 after purchasing an additional 700 shares in the last quarter. Ballentine Partners LLC increased its stake in Dominion Energy by 10.0% during the 3rd quarter. Ballentine Partners LLC now owns 13,937 shares of the utilities provider’s stock worth $805,000 after buying an additional 1,271 shares during the period. Busey Bank lifted its holdings in Dominion Energy by 3.4% during the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after buying an additional 203 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new position in Dominion Energy in the 3rd quarter valued at approximately $1,971,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. 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 research note on Monday, August 5th. Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.40.

Dominion Energy Trading Down 2.0 %

Shares of Dominion Energy stock opened at $59.58 on Friday. The company has a fifty day simple moving average of $57.60 and a 200-day simple moving average of $53.72. Dominion Energy, Inc. has a 12-month low of $39.44 and a 12-month high of $61.26. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock has a market cap of $49.90 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) 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. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company posted $0.53 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

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.