Fmr LLC Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Fmr LLC boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 20.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,800,024 shares of the utilities provider’s stock after purchasing an additional 647,725 shares during the quarter. Fmr LLC’s holdings in Dominion Energy were worth $219,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Cetera Investment Advisers grew its stake in shares of Dominion Energy by 177.9% in the first quarter. Cetera Investment Advisers now owns 224,653 shares of the utilities provider’s stock valued at $11,051,000 after buying an additional 143,821 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Dominion Energy by 27.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 116,843 shares of the utilities provider’s stock worth $5,641,000 after purchasing an additional 25,208 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Dominion Energy by 11.2% in the second quarter. Mather Group LLC. now owns 4,399 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 443 shares in the last quarter. Lynx Investment Advisory purchased a new stake in Dominion Energy during the 2nd quarter worth approximately $37,000. Finally, Kingswood Wealth Advisors LLC boosted its position in Dominion Energy by 23.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,775 shares of the utilities provider’s stock valued at $626,000 after buying an additional 2,433 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on D. Morgan Stanley started coverage on Dominion Energy in a report on Monday. They issued an “equal weight” rating and a $61.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $56.33.

Dominion Energy Trading Down 2.4 %

D opened at $57.35 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $48.17 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The business’s 50 day moving average is $58.19 and its two-hundred day moving average is $55.06. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the company posted $0.77 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 annualized dividend and a yield of 4.66%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.