Sagefield Capital LP Has $3.84 Million Stake in Dominion Energy, Inc. (NYSE:D)

Sagefield Capital LP increased its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 26.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,324 shares of the utilities provider's stock after purchasing an additional 16,392 shares during the period. Sagefield Capital LP's holdings in Dominion Energy were worth $3,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in D. Vanguard Group Inc. raised its holdings in Dominion Energy by 16.0% during the first 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 worth $1,452,145,000 after purchasing an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dominion Energy by 12.9% in the 1st 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 during the last quarter. Capital Research Global Investors grew its stake 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 in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider's stock worth $869,184,000 after buying an additional 2,153,488 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday. They set a "hold" rating and a $58.00 price target on the stock. Scotiabank boosted their target price on 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 increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $54.50.

Dominion Energy Price Performance

NYSE D traded down $0.84 on Tuesday, hitting $57.02. 5,640,016 shares of the company's stock were exchanged, compared to its average volume of 4,462,216. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94. The stock has a 50-day moving average of $55.48 and a 200-day moving average of $52.16. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock has a market cap of $47.76 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Friday, August 30th. Dominion Energy's payout ratio is currently 137.63%.

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.