Armstrong Advisory Group Inc. Acquires 417 Shares of Dominion Energy, Inc. (NYSE:D)

Armstrong Advisory Group Inc. raised its stake in Dominion Energy, Inc. (NYSE:D) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,329 shares of the utilities provider’s stock after buying an additional 417 shares during the period. Armstrong Advisory Group Inc.’s holdings in Dominion Energy were worth $556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in Dominion Energy in the 2nd quarter valued at about $36,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on D. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Trading Down 0.0 %

Shares of D opened at $53.68 on Thursday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market cap of $45.09 billion, a PE ratio of 18.84, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $55.64 and its 200-day moving average price is $55.68.

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

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.97%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.