Los Angeles Capital Management LLC Purchases 900,114 Shares of Dominion Energy, Inc. (NYSE:D)

Los Angeles Capital Management LLC increased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 2,729.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 933,087 shares of the utilities provider's stock after acquiring an additional 900,114 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of Dominion Energy worth $53,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of D. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock worth $4,346,193,000 after acquiring an additional 12,178,713 shares during the period. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock valued at $1,061,740,000 after buying an additional 3,613,614 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.9% during the first 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 buying an additional 2,801,687 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Dominion Energy by 7,438.3% in 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 last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $67,854,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on D. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 5th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, 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. Ten 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.com, the company presently has an average rating of "Hold" and a consensus target price of $55.91.

Dominion Energy Price Performance

Shares of D stock traded up $1.16 during trading hours on Friday, hitting $57.79. The company had a trading volume of 5,554,525 shares, compared to its average volume of 4,598,439. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74. The firm has a market capitalization of $48.54 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The firm's fifty day moving average is $58.01 and its 200 day moving average is $54.38.

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. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 EPS 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. Investors of record on Friday, November 29th will be issued 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 dividend payout ratio is currently 93.68%.

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.