Dominion Energy, Inc. (NYSE:D) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 63.4% during the third quarter, HoldingsChannel reports. The firm owned 350,847 shares of the utilities provider’s stock after buying an additional 136,171 shares during the period. SG Americas Securities LLC’s holdings in Dominion Energy were worth $20,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caprock Group LLC lifted 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 in the last quarter. Wedmont Private Capital lifted its stake in shares of Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in shares of Dominion Energy by 27.0% in the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,451 shares in the last quarter. Intech Investment Management LLC acquired 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 shares of Dominion Energy in the first quarter worth about $272,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.50.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $0.15 during trading on Friday, hitting $58.23. 2,459,670 shares of the company traded hands, compared to its average volume of 4,421,705. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. The stock has a market capitalization of $48.77 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.55 and a beta of 0.60. The business’s fifty day moving average is $56.43 and its 200-day moving average is $52.65. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Dominion Energy 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.