Metis Global Partners LLC Acquires 16,695 Shares of Dominion Energy, Inc. (NYSE:D)

Metis Global Partners LLC lifted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 32.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,696 shares of the utilities provider's stock after purchasing an additional 16,695 shares during the quarter. Metis Global Partners LLC's holdings in Dominion Energy were worth $3,970,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of D. Caprock Group LLC grew its position in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock valued at $474,000 after acquiring an additional 5,525 shares during the period. Ascent Wealth Partners LLC bought a new position in Dominion Energy in the third quarter valued at about $1,223,000. Pathway Financial Advisers LLC boosted its holdings in Dominion Energy by 351.8% in the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider's stock valued at $2,784,000 after acquiring an additional 37,514 shares during the last quarter. Intech Investment Management LLC bought a new position in Dominion Energy in the first quarter valued at about $708,000. Finally, QRG Capital Management Inc. acquired a new position in Dominion Energy in the first quarter valued at about $272,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock traded up $1.44 during trading on Friday, reaching $57.63. 5,619,495 shares of the company's stock were exchanged, compared to its average volume of 4,438,563. 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 firm's fifty day moving average price is $58.02 and its 200-day moving average price is $54.53. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market capitalization of $48.41 billion, a PE ratio of 19.87, a PEG ratio of 1.51 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last issued 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 return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

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 4.63%. Dominion Energy's payout ratio is 93.68%.

Analyst Ratings Changes

D has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price target 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. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $55.91.

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.