Dominion Energy, Inc. (NYSE:D) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 18.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 118,026 shares of the utilities provider's stock after purchasing an additional 18,636 shares during the period. Quantinno Capital Management LP's holdings in Dominion Energy were worth $6,821,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Family Firm Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. Larson Financial Group LLC boosted its stake in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after buying an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the topic of a number of research reports. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $56.33.

Dominion Energy Price Performance

NYSE:D traded down $0.86 during midday trading on Friday, hitting $56.05. The company had a trading volume of 3,453,418 shares, compared to its average volume of 4,672,521. The stock's fifty day moving average price is $58.13 and its 200-day moving average price is $55.16. The company has a market capitalization of $47.08 billion, a PE ratio of 19.67, a P/E/G ratio of 1.50 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for 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 business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

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.