Dominion Energy, Inc. (NYSE:D) Shares Bought by National Pension Service

National Pension Service raised its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,421,572 shares of the utilities provider's stock after buying an additional 226,321 shares during the quarter. National Pension Service owned 0.29% of Dominion Energy worth $139,943,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in D. Donaldson Capital Management LLC raised its stake in Dominion Energy by 29.7% during the 3rd quarter. Donaldson Capital Management LLC now owns 16,515 shares of the utilities provider's stock worth $954,000 after buying an additional 3,778 shares during the period. Forum Financial Management LP bought a new stake in shares of Dominion Energy during the 3rd quarter worth $222,000. Van ECK Associates Corp increased its stake in shares of Dominion Energy by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 232,143 shares of the utilities provider's stock worth $14,144,000 after purchasing an additional 15,790 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Dominion Energy by 27.8% in the third quarter. Confluence Wealth Services Inc. now owns 6,550 shares of the utilities provider's stock valued at $378,000 after buying an additional 1,425 shares during the period. Finally, Private Management Group Inc. purchased a new position in shares of Dominion Energy in the third quarter worth about $216,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 1.7 %

NYSE D traded up $0.97 on Tuesday, reaching $58.59. 3,773,258 shares of the company were exchanged, compared to its average volume of 4,406,798. The business's fifty day moving average price is $57.94 and its 200 day moving average price is $54.27. 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 capitalization of $49.15 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.39%. Dominion Energy's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. Dominion Energy's payout ratio is 93.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on D shares. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. BMO Capital Markets upped their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, August 5th. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $55.40.

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.