Dominion Energy, Inc. (NYSE:D) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,261,170 shares of the utilities provider's stock after buying an additional 80,683 shares during the period. Jennison Associates LLC owned approximately 0.15% of Dominion Energy worth $72,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock valued at $1,204,904,000 after purchasing an additional 2,801,687 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Dominion Energy by 7,438.3% in the third 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. purchased a new position in shares of Dominion Energy during the second quarter worth approximately $67,854,000. Assenagon Asset Management S.A. increased its holdings in shares of Dominion Energy by 707.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider's stock valued at $70,038,000 after acquiring an additional 1,061,829 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock valued at $734,007,000 after purchasing an additional 940,402 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on D. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. Finally, Barclays upped their price objective 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. Ten 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, the company currently has an average rating of "Hold" and an average target price of $55.91.

Dominion Energy Stock Up 0.0 %

D stock opened at $57.81 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company's 50 day simple moving average is $58.05 and its 200-day simple moving average is $54.73. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The firm has a market capitalization of $48.56 billion, a PE ratio of 20.28, a P/E/G ratio of 1.53 and a beta of 0.59.

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, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. Equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm 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 yield of 4.62%. Dominion Energy's payout ratio is currently 93.68%.

About Dominion Energy

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.