BNP Paribas Financial Markets Has $81.40 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

BNP Paribas Financial Markets increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,408,495 shares of the utilities provider’s stock after buying an additional 193,915 shares during the quarter. BNP Paribas Financial Markets’ holdings in Dominion Energy were worth $81,397,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Dominion Energy during the 2nd quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. LRI Investments LLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Dominion Energy in the second quarter valued at approximately $33,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on D shares. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, Scotiabank increased 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Up 1.0 %

NYSE:D opened at $59.71 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a market cap of $50.16 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.56 and a beta of 0.59. The stock’s fifty day moving average price is $58.13 and its two-hundred day moving average price is $54.96.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.47%. Dominion Energy’s dividend payout ratio is presently 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.