Ballentine Partners LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Ballentine Partners LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,937 shares of the utilities provider’s stock after purchasing an additional 1,271 shares during the period. Ballentine Partners LLC’s holdings in Dominion Energy were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. purchased a new position in Dominion Energy in the second quarter valued at $27,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $32,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at about $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC purchased a new stake in Dominion Energy during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Down 2.0 %

D opened at $59.58 on Friday. Dominion Energy, Inc. has a 52 week low of $39.44 and a 52 week high of $61.26. The business has a 50 day moving average price of $57.60 and a two-hundred day moving average price of $53.70. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $49.90 billion, a PE ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 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 business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.48%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Dominion Energy Company 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.