B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Dominion Energy, Inc. (NYSE:D)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 16,950 shares of the utilities provider’s stock, valued at approximately $980,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $32,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $32,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $36,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Down 0.4 %

Shares of D opened at $58.14 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The firm has a market capitalization of $48.84 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The stock’s fifty day simple moving average is $58.07 and its 200-day simple moving average is $54.82.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on D. Barclays boosted their price objective 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. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, Scotiabank upped 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. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.91.

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.