Commonwealth Retirement Investments LLC Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

Commonwealth Retirement Investments LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,839 shares of the utilities provider’s stock after acquiring an additional 680 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Dominion Energy were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Vanguard Group Inc. boosted its holdings in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dominion Energy by 12.9% during the first 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 period. International Assets Investment Management LLC raised its stake in Dominion Energy by 7,438.3% in the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Dominion Energy in the second quarter worth about $67,854,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 0.8 %

NYSE D traded down $0.45 during mid-day trading on Tuesday, reaching $57.70. The stock had a trading volume of 409,917 shares, compared to its average volume of 4,400,218. The stock has a market cap of $48.47 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. The company has a fifty day moving average price of $58.06 and a 200 day moving average price of $54.45.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.18 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 4.63%. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank upped their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Barclays increased 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. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.91.

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.