Empirical Finance LLC Buys 649 Shares of Dominion Energy, Inc. (NYSE:D)

Empirical Finance LLC lifted its stake in Dominion Energy, Inc. (NYSE:D) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,787 shares of the utilities provider’s stock after buying an additional 649 shares during the quarter. Empirical Finance LLC’s holdings in Dominion Energy were worth $1,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Dominion Energy in the 2nd quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the 3rd quarter worth about $28,000. LRI Investments LLC purchased a new position in Dominion Energy in the 1st quarter worth about $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy during the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at about $35,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 2.6 %

Dominion Energy stock opened at $57.63 on Friday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm’s 50 day moving average price is $58.03 and its 200-day moving average price is $54.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market cap of $48.41 billion, a P/E ratio of 20.22, a PEG ratio of 1.51 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 EPS. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on D shares. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $55.91.

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.