International Assets Investment Management LLC Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

International Assets Investment Management LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7,438.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,483,538 shares of the utilities provider’s stock after buying an additional 1,463,858 shares during the period. International Assets Investment Management LLC’s holdings in Dominion Energy were worth $85,734,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of D. Family Firm Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $27,000. LRI Investments LLC bought a new position in Dominion Energy in the 1st quarter worth about $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy in the 2nd quarter worth about $33,000. Opal Wealth Advisors LLC bought a new position in Dominion Energy in the 2nd quarter worth about $35,000. Finally, Kimelman & Baird LLC bought a new position in Dominion Energy in the 2nd quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on D shares. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank upped their price target 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. 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 research note on Monday, August 12th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, BMO Capital Markets boosted 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. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Price Performance

NYSE D opened at $59.58 on Friday. Dominion Energy, Inc. has a 52 week low of $39.44 and a 52 week high of $61.26. The firm has a market capitalization of $49.90 billion, a P/E ratio of 30.71, a PEG ratio of 1.60 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average price of $57.60 and a 200-day moving average price of $53.70.

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

Dominion Energy Announces Dividend

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 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

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.