Diamond Hill Capital Management Inc. Has $246.95 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Diamond Hill Capital Management Inc. cut its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,273,270 shares of the utilities provider's stock after selling 1,506,875 shares during the period. Diamond Hill Capital Management Inc. owned 0.51% of Dominion Energy worth $246,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.9 %

Shares of D traded up $0.53 during mid-day trading on Monday, hitting $58.32. 1,207,646 shares of the company's stock were exchanged, compared to its average volume of 4,410,555. The company has a market cap of $48.99 billion, a PE ratio of 20.28, a P/E/G ratio of 1.54 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 simple moving average of $58.01 and a 200 day simple moving average of $54.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.58%. Dominion Energy's dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of research firms recently issued reports on D. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, August 5th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $55.91.

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.