BNP Paribas Financial Markets Purchases 193,915 Shares of Dominion Energy, Inc. (NYSE:D)

BNP Paribas Financial Markets raised its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 16.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,408,495 shares of the utilities provider's stock after buying an additional 193,915 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Dominion Energy worth $81,397,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter valued at about $28,000. Family Firm Inc. acquired a new position in Dominion Energy in the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after purchasing an additional 449 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $30,000. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Barclays boosted 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. Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $55.91.

Dominion Energy Trading Up 1.0 %

Shares of D traded up $0.58 during trading hours on Thursday, reaching $59.70. The stock had a trading volume of 5,401,078 shares, compared to its average volume of 4,439,415. The company has a market cap of $50.15 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.56 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 quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $58.18 and a 200 day moving average of $54.99.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.47%. Dominion Energy's payout ratio is presently 93.68%.

Dominion Energy 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.