Vontobel Holding Ltd. Makes New $389,000 Investment in Dominion Energy, Inc. (NYSE:D)

Vontobel Holding Ltd. 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 (SEC). The institutional investor bought 6,734 shares of the utilities provider’s stock, valued at approximately $389,000.

A number of other large investors also recently made changes to their positions in D. Bill Few Associates Inc. boosted its position in Dominion Energy by 3.1% in the third quarter. Bill Few Associates Inc. now owns 56,875 shares of the utilities provider’s stock worth $3,287,000 after purchasing an additional 1,722 shares during the last quarter. Occidental Asset Management LLC bought a new stake in shares of Dominion Energy during the 3rd quarter worth $4,044,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Dominion Energy in the 3rd quarter worth about $205,000. Creative Planning grew its position in Dominion Energy by 2.1% during the third quarter. Creative Planning now owns 240,979 shares of the utilities provider’s stock valued at $13,926,000 after buying an additional 4,922 shares during the period. Finally, CX Institutional raised its position in Dominion Energy by 4.8% in the third quarter. CX Institutional now owns 4,770 shares of the utilities provider’s stock worth $276,000 after acquiring an additional 220 shares during the period. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on D. 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 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted 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. Barclays boosted 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. Finally, Scotiabank lifted their price objective 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. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $55.40.

Dominion Energy Stock Down 0.0 %

Shares of D opened at $60.00 on Wednesday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $60.73. 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 stock has a 50 day simple moving average of $57.31 and a two-hundred day simple moving average of $53.52. The firm has a market cap of $50.26 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.60 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

About Dominion Energy

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.