Hotchkis & Wiley Capital Management LLC Has $487.57 Million Stake in Dominion Energy, Inc. (NYSE:D)

Hotchkis & Wiley Capital Management LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 63.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,436,875 shares of the utilities provider's stock after purchasing an additional 3,278,175 shares during the quarter. Dominion Energy makes up about 1.6% of Hotchkis & Wiley Capital Management LLC's portfolio, making the stock its 16th biggest holding. Hotchkis & Wiley Capital Management LLC owned 1.00% of Dominion Energy worth $487,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter worth about $32,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the second quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy in the second quarter valued at approximately $35,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on D shares. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday. They issued an "equal weight" rating and a $61.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $56.33.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.66 during trading on Tuesday, reaching $56.68. The stock had a trading volume of 8,405,716 shares, compared to its average volume of 4,447,136. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. 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 stock has a market cap of $47.61 billion, a PE ratio of 19.98, a P/E/G ratio of 1.53 and a beta of 0.59. The firm's 50 day moving average price is $58.19 and its two-hundred day moving average price is $55.06.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.76 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. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.71%. Dominion Energy's dividend payout ratio (DPR) is 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.