Courier Capital LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Courier Capital LLC boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,346 shares of the utilities provider’s stock after acquiring an additional 4,783 shares during the quarter. Courier Capital LLC’s holdings in Dominion Energy were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. purchased a new stake in Dominion Energy in the 2nd quarter worth approximately $27,000. LRI Investments LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $33,000. Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.6 %

Dominion Energy stock opened at $60.93 on Thursday. The firm has a market cap of $51.12 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 1.60 and a beta of 0.60. The stock has a fifty day simple moving average of $57.41 and a two-hundred day simple moving average of $53.57. Dominion Energy, Inc. has a 12 month low of $39.44 and a 12 month high of $60.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 140.53%.

Analysts Set New Price Targets

A number of research firms have recently commented on D. BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. 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 report on Monday, August 12th. Finally, Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.40.

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.