Liberty Wealth Management LLC Makes New $881,000 Investment in Dominion Energy Inc. (NYSE:D)

Key Points

• Liberty Wealth Management LLC acquired a new position in Dominion Energy, purchasing 15,719 shares valued at approximately $881,000 during the first quarter.
• Dominion Energy recently reported quarterly earnings of $0.75 per share, which missed the consensus estimate by $0.02, despite achieving a revenue of $3.81 billion.
• The company declared a quarterly dividend of $0.6675 per share, resulting in an annualized yield of 4.4%, with a payout ratio of 92.07%.

Liberty Wealth Management LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,719 shares of the utilities provider's stock, valued at approximately $881,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the period. Orion Capital Management LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy during the first quarter valued at about $28,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Finally, Navigoe LLC purchased a new position in Dominion Energy during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on D. JPMorgan Chase & Co. increased their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley cut their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $0.71 during mid-day trading on Thursday, reaching $61.68. 5,355,270 shares of the company traded hands, compared to its average volume of 5,382,085. The firm has a market cap of $52.64 billion, a PE ratio of 21.27, a PEG ratio of 1.33 and a beta of 0.57. The company's 50 day moving average price is $56.98 and its 200-day moving average price is $55.51. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.53.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

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.