Dominion Energy, Inc. (NYSE:D) Stock Position Raised by Everett Harris & Co. CA

Everett Harris & Co. CA grew its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 28.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,129 shares of the utilities provider's stock after acquiring an additional 25,280 shares during the period. Everett Harris & Co. CA's holdings in Dominion Energy were worth $6,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Capital Research Global Investors raised its position in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $67,854,000. Finally, Bank of New York Mellon Corp grew its stake in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock worth $734,007,000 after acquiring an additional 940,402 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on D. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 price objective for the company. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Nine equities 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, Dominion Energy has a consensus rating of "Hold" and an average price target of $55.40.

Dominion Energy Stock Up 0.3 %

D stock traded up $0.18 during trading on Friday, reaching $59.92. The stock had a trading volume of 4,053,132 shares, compared to its average volume of 4,406,920. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $60.73. 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 company has a market capitalization of $50.19 billion, a P/E ratio of 30.89, a PEG ratio of 1.52 and a beta of 0.60. The firm has a fifty day moving average price of $57.10 and a 200 day moving average price of $53.29.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.46%. Dominion Energy's dividend payout ratio (DPR) is presently 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.