Geode Capital Management LLC grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,875,221 shares of the utilities provider's stock after purchasing an additional 367,193 shares during the period. Geode Capital Management LLC owned about 2.13% of Dominion Energy worth $1,032,941,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock worth $4,007,000 after buying an additional 12,890 shares in the last quarter. Caprock Group LLC lifted its stake in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock valued at $474,000 after purchasing an additional 5,525 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock worth $298,481,000 after buying an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC acquired a new position in shares of Dominion Energy during the third quarter worth $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake 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 valued at $487,567,000 after acquiring an additional 3,278,175 shares during the last quarter. Institutional investors own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Barclays increased 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. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and an average target price of $56.58.
Read Our Latest Stock Report on Dominion Energy
Dominion Energy Price Performance
D traded down $0.44 during trading on Thursday, reaching $53.83. 5,940,724 shares of the company were exchanged, compared to its average volume of 4,472,424. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company's 50-day moving average is $57.94 and its two-hundred day moving average is $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. The company has a market cap of $45.22 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.49 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the business earned $0.77 earnings per share. Dominion Energy's revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.
About Dominion Energy
(
Free Report)
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.
Featured Stories
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
