Belpointe Asset Management LLC Invests $269,000 in Dominion Energy Inc. (D) Stock

Belpointe Asset Management LLC bought a new position in Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,494 shares of the utilities provider’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tradewinds Capital Management LLC boosted its stake in shares of Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 12 shares during the period. Wsfs Capital Management LLC boosted its stake in shares of Dominion Energy by 0.4% during the second quarter. Wsfs Capital Management LLC now owns 2,969 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 12 shares during the period. Omnia Family Wealth LLC boosted its stake in shares of Dominion Energy by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 4,998 shares of the utilities provider’s stock valued at $383,000 after purchasing an additional 16 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Dominion Energy by 1.0% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,197 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 21 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Dominion Energy by 0.7% during the second quarter. Cetera Investment Advisers now owns 5,704 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 37 shares during the period. 64.67% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Inc. (NYSE D) opened at $84.91 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market capitalization of $54,642.14, a P/E ratio of 23.14, a P/E/G ratio of 4.18 and a beta of 0.29. Dominion Energy Inc. has a twelve month low of $70.87 and a twelve month high of $85.26.

Dominion Energy (NYSE:D) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. research analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is currently 90.86%.

A number of analysts have recently weighed in on D shares. Bank of America started coverage on Dominion Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price objective for the company. J P Morgan Chase & Co increased their price objective on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup increased their price objective on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.50.

In related news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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