Cornerstone Wealth Group LLC Purchases 572 Shares of Dominion Energy, Inc. (NYSE:D)

Cornerstone Wealth Group LLC boosted its position in Dominion Energy, Inc. (NYSE:D) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,027 shares of the utilities provider’s stock after purchasing an additional 572 shares during the period. Cornerstone Wealth Group LLC’s holdings in Dominion Energy were worth $971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter worth about $28,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC raised its holdings 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 worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.5 %

Shares of D stock opened at $53.48 on Monday. The business’s fifty day moving average is $55.20 and its 200 day moving average is $55.94. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a market capitalization of $44.93 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping 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 business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Upgrades and Downgrades

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

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.