Dominion Energy, Inc. (NYSE:D) Shares Purchased by Walker Asset Management LLC

Walker Asset Management LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 18.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,811 shares of the utilities provider’s stock after purchasing an additional 889 shares during the quarter. Walker Asset Management LLC’s holdings in Dominion Energy were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in D. State Street Corp lifted its holdings in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. JPMorgan Chase & Co. increased its stake in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC raised its position in shares of Dominion Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after buying an additional 367,193 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Dominion Energy by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after acquiring an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. 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. Scotiabank upped their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

NYSE D opened at $55.34 on Friday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock’s 50-day moving average price is $55.54 and its two-hundred day moving average price is $55.66. The company has a market cap of $46.49 billion, a PE ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. Dominion Energy’s dividend payout ratio is 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.