Dominion Energy Inc. $D Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 513,312 shares of the utilities provider’s stock after purchasing an additional 39,527 shares during the period. Alps Advisors Inc. owned 0.06% of Dominion Energy worth $31,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $7,346,000. Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at $4,603,000. Florida Trust Wealth Management Co lifted its position in shares of Dominion Energy by 51.6% during the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock valued at $4,588,000 after purchasing an additional 22,870 shares in the last quarter. Compass Financial Management LLC purchased a new position in Dominion Energy in the second quarter worth $1,141,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at $7,645,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 1.5%

NYSE:D opened at $68.58 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.64 and a debt-to-equity ratio of 1.46. The stock has a market cap of $60.32 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.14 and a beta of 0.62. The stock has a 50-day moving average price of $63.95 and a two-hundred day moving average price of $64.98. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $4.90 billion. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. As a group, equities analysts expect that Dominion Energy Inc. will post 3.59 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 20th. Investors of record on Friday, December 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, December 4th. Dominion Energy’s dividend payout ratio is currently 88.70%.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent research reports. Truist Financial lowered their price objective on Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Jefferies Financial Group lowered their price objective on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Barclays lowered their target price on Dominion Energy from $69.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 19th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $69.33.

Key Headlines Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion and NextEra have offered additional customer protections as Virginia’s review advances. The concessions could help move the merger forward, though approval is not assured. NextEra, Dominion strengthen proposed merger with additional customer protections
• Positive Sentiment: Loudoun County approved a Dominion substation despite lingering concerns, supporting the company’s ability to expand infrastructure for growing electricity demand, including from data centers. Loudoun approves Dominion substation despite lingering concerns
• Positive Sentiment: Recent offshore-wind progress and increased contracted data-center capacity could support future earnings and cash flows. Dominion’s strong three-year share-price performance, however, raises the bar for continued earnings growth. Dominion Energy (D) Stock Looks In Line Following Offshore Wind Progress
• Neutral Sentiment: Public hearings on the merger are underway, with debate focused on customer costs and protections. The outcome may affect both the transaction’s prospects and the regulatory framework for utilities serving fast-growing power demand. Packed SCC hearing draws strong opinions over proposed Energy merger
• Negative Sentiment: Dominion and NextEra accepted some proposed merger protections but rejected a rate and staffing freeze. That stance could fuel opposition and leave uncertainty over whether regulators will approve the deal and on what terms. Dominion-NextEra accept some proposed protections in Va. merger case, rejects rate and staffing freeze
• Negative Sentiment: Families are pushing back against a proposed Dominion transmission-line project, creating potential permitting or construction delays for planned infrastructure. Families push back against proposed Dominion Energy Transmission Line Project

About Dominion Energy

Dominion Energy, Inc (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers.

The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.

Dominion traces its roots to 1909 and adopted the Dominion Energy name in 2017.