Dominion Energy, Inc. (NYSE:D) Shares Purchased by Fmr LLC

FMR LLC lifted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 20.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,800,024 shares of the utilities provider's stock after acquiring an additional 647,725 shares during the period. FMR LLC owned approximately 0.45% of Dominion Energy worth $219,603,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in shares of Dominion Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider's stock valued at $1,452,145,000 after purchasing an additional 477,181 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock worth $734,007,000 after purchasing an additional 940,402 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Dominion Energy by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider's stock worth $283,227,000 after purchasing an additional 27,984 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after purchasing an additional 43,055 shares in the last quarter. Finally, Swiss National Bank lifted its position in Dominion Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,488,020 shares of the utilities provider's stock valued at $143,783,000 after purchasing an additional 8,600 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research reports. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price for the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $56.33.

Dominion Energy Trading Down 0.3 %

D stock traded down $0.19 during midday trading on Tuesday, reaching $57.15. The company's stock had a trading volume of 3,350,195 shares, compared to its average volume of 4,431,552. The stock has a fifty day simple moving average of $58.19 and a two-hundred day simple moving average of $55.06. 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 firm has a market capitalization of $48.01 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Dominion Energy's revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued 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 yield of 4.67%. Dominion Energy's dividend 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.