Dimensional Fund Advisors LP Acquires 89,379 Shares of Dominion Energy, Inc. (NYSE:D)

Dimensional Fund Advisors LP lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 4.4% in the second quarter, Holdings Channel reports. The fund owned 2,127,357 shares of the utilities provider’s stock after purchasing an additional 89,379 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Dominion Energy were worth $104,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after buying an additional 477,181 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Dominion Energy by 36.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,886 shares of the utilities provider’s stock worth $925,000 after purchasing an additional 5,044 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Dominion Energy by 0.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after purchasing an additional 27,984 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Dominion Energy by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock worth $740,000 after purchasing an additional 668 shares during the period. Finally, Alta Advisers Ltd lifted its stake in Dominion Energy by 15.0% in the second quarter. Alta Advisers Ltd now owns 2,300 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on D shares. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated 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. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped 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. Nine 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 company has an average rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Stock Down 1.5 %

Shares of Dominion Energy stock opened at $57.02 on Wednesday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market cap of $47.76 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.57 and a beta of 0.60. The firm’s 50-day moving average is $55.48 and its two-hundred day moving average is $52.16.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

Dominion Energy Company 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.