Dominion Energy, Inc. (NYSE:D) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its position in Dominion Energy, Inc. (NYSE:D) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 251,445 shares of the utilities provider’s stock after buying an additional 4,950 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Dominion Energy were worth $14,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings 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 purchasing an additional 1,463,858 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Dominion Energy in the second quarter valued at approximately $67,854,000. Assenagon Asset Management S.A. increased its stake in shares of Dominion Energy by 707.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider’s stock valued at $70,038,000 after acquiring an additional 1,061,829 shares during the period. Bank of New York Mellon Corp raised its holdings in Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Dominion Energy by 2,729.9% in the third quarter. Los Angeles Capital Management LLC now owns 933,087 shares of the utilities provider’s stock worth $53,923,000 after purchasing an additional 900,114 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0 %

Shares of Dominion Energy stock traded up $0.58 during midday trading on Thursday, hitting $59.70. The company’s stock had a trading volume of 5,401,078 shares, compared to its average volume of 4,439,415. The firm has a market capitalization of $50.15 billion, a P/E ratio of 20.95, a PEG ratio of 1.56 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 quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a 50-day simple moving average of $58.13 and a 200-day simple moving average of $54.96.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of several research analyst reports. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.91.

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.