Kovitz Investment Group Partners LLC Acquires Shares of 16,953 Dominion Energy, Inc. (NYSE:D)

Kovitz Investment Group Partners LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,953 shares of the utilities provider's stock, valued at approximately $980,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock worth $4,007,000 after buying an additional 12,890 shares during the last quarter. Caprock Group LLC grew its stake in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock worth $474,000 after acquiring an additional 5,525 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in Dominion Energy during the third quarter valued at approximately $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

NYSE:D traded down $0.54 during trading hours on Thursday, reaching $53.73. The stock had a trading volume of 3,508,232 shares, compared to its average volume of 4,460,587. The stock has a market capitalization of $45.13 billion, a PE ratio of 19.01, a PEG ratio of 1.49 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a 50 day moving average price of $57.94 and a two-hundred day moving average price of $55.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Analyst Ratings Changes

Several research analysts have issued reports on D shares. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $56.58.

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.