Dominion Energy, Inc. (NYSE:D) Shares Bought by Holocene Advisors LP

Holocene Advisors LP grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 264.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,497 shares of the utilities provider's stock after acquiring an additional 43,177 shares during the period. Holocene Advisors LP's holdings in Dominion Energy were worth $3,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CX Institutional grew its stake in shares of Dominion Energy by 6.0% during the 2nd quarter. CX Institutional now owns 4,550 shares of the utilities provider's stock worth $223,000 after purchasing an additional 257 shares during the period. OLD National Bancorp IN raised its stake in shares of Dominion Energy by 19.1% during the 2nd quarter. OLD National Bancorp IN now owns 131,863 shares of the utilities provider's stock worth $6,461,000 after buying an additional 21,181 shares during the period. Opal Wealth Advisors LLC acquired a new position in Dominion Energy during the second quarter worth $35,000. SG Americas Securities LLC lifted its holdings in Dominion Energy by 121.1% during the second quarter. SG Americas Securities LLC now owns 214,676 shares of the utilities provider's stock valued at $10,519,000 after purchasing an additional 117,571 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Dominion Energy by 7.0% in the second quarter. Hexagon Capital Partners LLC now owns 9,018 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Finally, Morgan Stanley started coverage on Dominion Energy in a research note on Monday. They issued an "equal weight" rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $56.33.

Dominion Energy Trading Down 1.5 %

Shares of NYSE D traded down $0.86 during mid-day trading on Friday, reaching $56.05. 3,453,406 shares of the company's stock were exchanged, compared to its average volume of 4,456,333. The company's 50-day moving average is $58.15 and its 200-day moving average is $55.13. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.51 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.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.