Mediolanum International Funds Ltd Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Mediolanum International Funds Ltd grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,675 shares of the utilities provider’s stock after buying an additional 3,413 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Dominion Energy were worth $896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in D. BLB&B Advisors LLC raised its position in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Simon Quick Advisors LLC raised its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares during the period. Passumpsic Savings Bank raised its position in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.6 %

Shares of D opened at $55.47 on Monday. The firm’s 50-day moving average price is $54.96 and its 200-day moving average price is $56.09. The firm has a market capitalization of $46.60 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.20 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, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last announced 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley started 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 objective on the stock. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research 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, the stock has a consensus rating of “Hold” and an average price target of $56.58.

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.