Quantbot Technologies LP Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Quantbot Technologies LP boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 0.8% during the 3rd quarter, Holdings Channel reports. The firm owned 34,072 shares of the utilities provider’s stock after buying an additional 283 shares during the period. Quantbot Technologies LP’s holdings in Dominion Energy were worth $1,969,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in D. FMR LLC raised its position in shares of Dominion Energy by 20.5% during the third quarter. FMR LLC now owns 3,800,024 shares of the utilities provider’s stock valued at $219,603,000 after buying an additional 647,725 shares during the last quarter. D.A. Davidson & CO. grew its stake in Dominion Energy by 1.6% during the third quarter. D.A. Davidson & CO. now owns 55,626 shares of the utilities provider’s stock valued at $3,215,000 after acquiring an additional 898 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in Dominion Energy by 35.5% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 57,735 shares of the utilities provider’s stock valued at $3,337,000 after acquiring an additional 15,133 shares during the last quarter. Bank of Montreal Can lifted its stake in Dominion Energy by 9.5% in the 3rd quarter. Bank of Montreal Can now owns 907,946 shares of the utilities provider’s stock worth $51,898,000 after purchasing an additional 78,424 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new position in shares of Dominion Energy during the 3rd quarter valued at about $477,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $59.70 on Friday. 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 12 month low of $43.53 and a 12 month high of $61.97. The company has a market capitalization of $50.15 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.59 and a beta of 0.59. The firm’s 50-day moving average is $58.18 and its 200 day moving average is $54.99.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 is currently 93.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on D shares. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank raised their target price 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. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, BMO Capital Markets increased 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently 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.