National Bank of Canada FI Buys 176,932 Shares of Dominion Energy, Inc. (NYSE:D)

National Bank of Canada FI increased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 61.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 467,014 shares of the utilities provider's stock after purchasing an additional 176,932 shares during the period. National Bank of Canada FI owned 0.06% of Dominion Energy worth $26,988,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC lifted its position in Dominion Energy by 63.5% during 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 acquiring an additional 3,278,175 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock valued at $130,074,000 after purchasing an additional 2,229,220 shares during the period. International Assets Investment Management LLC grew its holdings in Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider's stock valued at $85,734,000 after buying an additional 1,463,858 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Dominion Energy during the 2nd quarter worth $67,854,000. Finally, State Street Corp lifted its holdings in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D traded down $0.56 during midday trading on Tuesday, reaching $55.04. 5,099,060 shares of the company were exchanged, compared to its average volume of 4,467,002. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock has a market cap of $46.23 billion, a P/E ratio of 19.30, a PEG ratio of 1.49 and a beta of 0.59. 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 stock's 50-day moving average price is $58.09 and its 200-day moving average price is $55.19.

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 for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for 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 quarter in the previous year, the company posted $0.77 EPS. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm 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 $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on D. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Scotiabank raised their price objective 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. Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Eleven 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 stock presently has a consensus rating of "Hold" and an average price target of $56.33.

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.