Parcion Private Wealth LLC Acquires 1,316 Shares of Dominion Energy, Inc. (NYSE:D)

Parcion Private Wealth LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,484 shares of the utilities provider’s stock after acquiring an additional 1,316 shares during the quarter. Parcion Private Wealth LLC’s holdings in Dominion Energy were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $27,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake 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 in the second quarter valued at about $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Dominion Energy in the second quarter worth approximately $36,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on D shares. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group initiated 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $55.40.

Dominion Energy Stock Down 2.0 %

Shares of NYSE:D opened at $59.58 on Friday. The stock has a market cap of $49.90 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.60 and a beta of 0.60. The business’s 50 day moving average is $57.52 and its 200 day moving average is $53.62. Dominion Energy, Inc. has a 12-month low of $39.44 and a 12-month high of $61.26. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business 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 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend 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.