4,361 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Dudley Capital Management LLC

Dudley Capital Management LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,361 shares of the utilities provider’s stock, valued at approximately $252,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Dominion Energy by 16.0% in 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 acquiring an additional 12,178,713 shares during the last quarter. Capital Research Global Investors lifted its stake in Dominion Energy by 20.1% in 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 purchasing an additional 3,613,614 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Dominion Energy by 12.9% during the first 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 period. International Assets Investment Management LLC increased its position in Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Dominion Energy in the second quarter valued at approximately $67,854,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. 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. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.40.

Dominion Energy Stock Down 0.8 %

NYSE D opened at $56.64 on Friday. The company has a market cap of $47.58 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.52 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $57.96 and a 200-day moving average of $54.29.

Dominion Energy (NYSE:D) last released 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 return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Dominion Energy 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.