Royal London Asset Management Ltd. increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 34.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 208,063 shares of the utilities provider's stock after buying an additional 53,570 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Dominion Energy were worth $12,024,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of D. Family Firm Inc. bought a new position in shares of Dominion Energy during the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $32,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 73.04% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on D shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. 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 report on Monday, August 12th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.33.
View Our Latest Stock Report on Dominion Energy
Dominion Energy Price Performance
D traded down $0.86 during trading on Friday, reaching $56.05. 3,453,418 shares of the company traded hands, compared to its average volume of 4,672,130. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The firm has a fifty day simple moving average of $58.13 and a 200 day simple moving average of $55.16. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $47.08 billion, a P/E ratio of 19.67, a PEG ratio of 1.49 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (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 the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid 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 payout ratio is 93.68%.
About Dominion Energy
(
Free Report)
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.
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