Dominion Energy, Inc. (NYSE:D) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,805 shares of the utilities provider's stock after purchasing an additional 15,284 shares during the period. Sanctuary Advisors LLC's holdings in Dominion Energy were worth $9,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of 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 worth $130,074,000 after purchasing an additional 2,229,220 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Dominion Energy by 7,438.3% during 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 acquiring an additional 1,463,858 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Dominion Energy during the second quarter worth $67,854,000. Finally, State Street Corp lifted its stake in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D traded up $0.21 during mid-day trading on Friday, reaching $54.04. The company had a trading volume of 2,985,389 shares, compared to its average volume of 4,466,253. The stock has a market capitalization of $45.39 billion, a P/E ratio of 18.96, a PEG ratio of 1.45 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 stock has a 50 day moving average of $57.77 and a two-hundred day moving average of $55.20. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted 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. The firm 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%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.58.

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.