State Street Corp Has $2.56 Billion Stock Holdings in Dominion Energy, Inc. (NYSE:D)

State Street Corp boosted its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,297,832 shares of the utilities provider's stock after acquiring an additional 1,365,555 shares during the period. State Street Corp owned about 5.27% of Dominion Energy worth $2,559,972,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter worth $32,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy during the second quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Down 1.5 %

NYSE D traded down $0.86 on Friday, hitting $56.05. 3,453,418 shares of the company were exchanged, compared to its average volume of 4,456,333. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company's 50 day moving average price is $58.15 and its 200-day moving average price is $55.13. The firm has a market capitalization of $47.08 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last released 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. Analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price 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. Barclays raised 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, October 15th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Finally, Morgan Stanley began coverage on Dominion Energy in a report on Monday. They issued an "equal weight" rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $56.33.

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.