Lowe Brockenbrough & Co. Inc. Purchases 556 Shares of Dominion Energy, Inc. (NYSE:D)

Lowe Brockenbrough & Co. Inc. boosted its position in Dominion Energy, Inc. (NYSE:D) by 2.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 28,464 shares of the utilities provider’s stock after purchasing an additional 556 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Dominion Energy were worth $1,645,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares during the period. Capital Research Global Investors grew its position in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Dominion Energy by 7,438.3% in the 3rd 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. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Dominion Energy in the 2nd quarter worth approximately $67,854,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.40.

Dominion Energy Stock Performance

NYSE:D opened at $58.99 on Friday. Dominion Energy, Inc. has a twelve month low of $40.44 and a twelve month high of $61.97. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market cap of $49.49 billion, a P/E ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59. The business’s 50-day moving average price is $57.87 and its two-hundred day moving average price is $54.10.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 140.53%.

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.