Dominion Energy, Inc. (NYSE:D) Shares Acquired by Delta Financial Group Inc.

Delta Financial Group Inc. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,859 shares of the utilities provider’s stock after acquiring an additional 295 shares during the period. Delta Financial Group Inc.’s holdings in Dominion Energy were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of D. Vanguard Group Inc. lifted its stake in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Dominion Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after buying an additional 477,181 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Capital Research Global Investors raised its stake in Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $58.08 on Friday. The business has a 50 day moving average price of $56.32 and a two-hundred day moving average price of $52.58. 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 company has a market capitalization of $48.65 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective 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. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.50.

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.