Edgestream Partners L.P. Acquires 37,497 Shares of Dominion Energy, Inc. (NYSE:D)

Edgestream Partners L.P. lifted its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 857.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,871 shares of the utilities provider's stock after buying an additional 37,497 shares during the period. Edgestream Partners L.P.'s holdings in Dominion Energy were worth $2,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of D. Cetera Investment Advisers lifted its position in Dominion Energy by 177.9% in the 1st quarter. Cetera Investment Advisers now owns 224,653 shares of the utilities provider's stock worth $11,051,000 after buying an additional 143,821 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Dominion Energy by 27.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 116,843 shares of the utilities provider's stock valued at $5,641,000 after purchasing an additional 25,208 shares during the last quarter. Mather Group LLC. grew its stake in Dominion Energy by 11.2% in the second quarter. Mather Group LLC. now owns 4,399 shares of the utilities provider's stock valued at $216,000 after purchasing an additional 443 shares in the last quarter. Lynx Investment Advisory acquired a new position in Dominion Energy in the 2nd quarter worth about $37,000. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Dominion Energy by 23.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,775 shares of the utilities provider's stock worth $626,000 after purchasing an additional 2,433 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, August 5th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $56.33.

Dominion Energy Price Performance

Dominion Energy stock traded down $0.66 during mid-day trading on Tuesday, hitting $56.68. 8,405,716 shares of the company were exchanged, compared to its average volume of 4,447,136. The company has a market capitalization of $47.61 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. The business has a fifty day moving average of $58.18 and a 200 day moving average of $55.11. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. 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 quarterly earnings data 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%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.71%. Dominion Energy's payout ratio is 93.68%.

Dominion Energy 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.