Van ECK Associates Corp boosted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 7.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 232,143 shares of the utilities provider's stock after acquiring an additional 15,790 shares during the period. Van ECK Associates Corp's holdings in Dominion Energy were worth $14,144,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in D. Caprock Group LLC boosted its stake in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock worth $474,000 after acquiring an additional 5,525 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider's stock worth $4,777,000 after buying an additional 49,740 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider's stock worth $2,784,000 after buying an additional 37,514 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Dominion Energy in the first quarter worth about $708,000. Finally, QRG Capital Management Inc. acquired a new position in Dominion Energy during the first quarter worth about $272,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Stock Down 2.6 %
NYSE D traded down $1.53 during trading hours on Wednesday, hitting $57.06. 5,770,427 shares of the company were exchanged, compared to its average volume of 4,413,059. The company has a 50 day moving average of $57.96 and a two-hundred day moving average of $54.29. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $47.93 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.53 and a beta of 0.59. 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 announced its quarterly earnings data 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 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 company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.68%. Dominion Energy's payout ratio is currently 93.68%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price objective on the stock. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, August 12th. 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. Finally, BMO Capital Markets increased their price target 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. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.40.
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Dominion Energy Profile
(
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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