23,892 Shares in Dominion Energy Inc. $D Acquired by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC purchased a new stake in Dominion Energy Inc. (NYSE:D) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 23,892 shares of the utilities provider’s stock, valued at approximately $1,462,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares during the last quarter. Norges Bank acquired a new stake in Dominion Energy during the 2nd quarter worth $566,924,000. Mizuho Markets Americas LLC lifted its position in Dominion Energy by 139.3% in the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after acquiring an additional 3,073,835 shares during the last quarter. State Street Corp boosted its stake in Dominion Energy by 2.9% in the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after acquiring an additional 1,313,621 shares in the last quarter. Finally, London Co. of Virginia grew its holdings in shares of Dominion Energy by 30.9% during the second quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock worth $280,662,000 after purchasing an additional 1,172,445 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Barclays reduced their target price on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Trading Up 0.2%

NYSE:D opened at $60.82 on Friday. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.87. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The stock’s 50 day simple moving average is $59.68 and its 200-day simple moving average is $59.98. The firm has a market cap of $51.94 billion, a P/E ratio of 20.69, a PEG ratio of 1.64 and a beta of 0.72.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.