abrdn plc Boosts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

abrdn plc raised its holdings in Dominion Energy, Inc. (NYSE:D) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 358,900 shares of the utilities provider’s stock after purchasing an additional 50,150 shares during the quarter. abrdn plc’s holdings in Dominion Energy were worth $20,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter worth $27,000. LRI Investments LLC purchased a new position in Dominion Energy in the first quarter valued at about $32,000. Triad Wealth Partners LLC purchased a new position in Dominion Energy in the second quarter valued at about $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Barclays lifted their price target on 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 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 on the stock. 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 report on Monday, August 5th. Finally, 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 report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.40.

Dominion Energy Trading Up 1.8 %

Shares of Dominion Energy stock opened at $59.53 on Friday. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26. The business’s fifty day moving average is $57.82 and its two-hundred day moving average is $53.98. 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 firm has a market cap of $49.86 billion, a PE ratio of 30.69, a P/E/G ratio of 1.59 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 company 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 firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.49%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Dominion Energy 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.