Dominion Energy, Inc. (NYSE:D) Stock Holdings Boosted by Garner Asset Management Corp

Garner Asset Management Corp grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,796 shares of the utilities provider’s stock after purchasing an additional 2,214 shares during the quarter. Garner Asset Management Corp’s holdings in Dominion Energy were worth $872,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. purchased a new position in Dominion Energy in the 2nd quarter worth about $27,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy in the 2nd quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy in the 2nd quarter worth about $35,000. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on D. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Stock Performance

NYSE D opened at $57.41 on Thursday. The company’s fifty day moving average is $54.99 and its two-hundred day moving average is $51.83. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio 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.