Neo Ivy Capital Management Takes Position in Dominion Energy, Inc. (NYSE:D)

Neo Ivy Capital Management purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,790 shares of the utilities provider's stock, valued at approximately $1,144,000.

Several other institutional investors also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC boosted its stake in Dominion Energy by 8.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider's stock worth $315,000 after purchasing an additional 491 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Dominion Energy by 11.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,827 shares of the utilities provider's stock valued at $825,000 after acquiring an additional 1,762 shares during the last quarter. Wedmont Private Capital lifted its stake in Dominion Energy by 10.5% in the 2nd quarter. Wedmont Private Capital now owns 5,326 shares of the utilities provider's stock worth $277,000 after purchasing an additional 504 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dominion Energy by 3.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider's stock worth $5,568,000 after purchasing an additional 3,990 shares during the last quarter. Finally, ORG Partners LLC grew its position in shares of Dominion Energy by 154.1% in the second quarter. ORG Partners LLC now owns 1,418 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 860 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on D shares. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price objective on the stock. Barclays upped their price target 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 reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Jefferies Financial Group initiated 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 on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $56.58.

Dominion Energy Stock Down 0.8 %

Shares of D stock traded down $0.44 during trading on Thursday, reaching $53.83. The company's stock had a trading volume of 5,940,724 shares, compared to its average volume of 4,472,424. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock's 50-day moving average price is $57.94 and its 200 day moving average price is $55.20. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. 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 presently 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.