V Square Quantitative Management LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

V Square Quantitative Management LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,536 shares of the utilities provider’s stock after purchasing an additional 1,885 shares during the period. V Square Quantitative Management LLC’s holdings in Dominion Energy were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of D. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the last quarter. Capital Research Global Investors raised its position in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.9% in 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 acquiring an additional 2,801,687 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $67,854,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 6.7% during the 2nd 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 during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.3 %

D opened at $59.92 on Friday. The firm has a market capitalization of $50.19 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $60.73. The company has a fifty day moving average price of $57.10 and a 200-day moving average price of $53.29. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Finally, BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.40.

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.