Dominion Energy, Inc. (NYSE:D) Shares Bought by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,014 shares of the utilities provider’s stock after buying an additional 303 shares during the period. Ables Iannone Moore & Associates Inc.’s holdings in Dominion Energy were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC grew its holdings in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the period. Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at about $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Dominion Energy stock traded down $1.09 during mid-day trading on Monday, reaching $53.64. 3,646,221 shares of the company were exchanged, compared to its average volume of 3,288,049. The firm has a market cap of $45.06 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm’s 50-day simple moving average is $56.33 and its two-hundred day simple moving average is $55.46. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.58.

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.