Cobblestone Capital Advisors LLC NY Has $450,000 Stake in Dominion Energy, Inc. (NYSE:D)

Cobblestone Capital Advisors LLC NY lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 2.6% during the 3rd quarter, Holdings Channel reports. The fund owned 7,786 shares of the utilities provider’s stock after acquiring an additional 195 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Dominion Energy were worth $450,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of D. Oppenheimer & Co. Inc. increased its position in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC acquired a new position in Dominion Energy during the 3rd quarter worth $1,223,000. Finally, Pathway Financial Advisers LLC boosted its position in Dominion Energy by 351.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after buying an additional 37,514 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank boosted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group assumed 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Stock Down 1.6 %

Shares of NYSE:D opened at $58.75 on Monday. The company has a 50 day moving average price of $58.19 and a two-hundred day moving average price of $55.06. 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 company has a market capitalization of $49.35 billion, a PE ratio of 20.61, a PEG ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.