Dominion Energy, Inc. (NYSE:D) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 34.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,423 shares of the utilities provider’s stock after acquiring an additional 101,665 shares during the quarter. HighTower Advisors LLC’s holdings in Dominion Energy were worth $22,799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Dominion Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after acquiring an additional 477,181 shares during the period. Bank of New York Mellon Corp increased its stake in Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after purchasing an additional 940,402 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Dominion Energy by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after purchasing an additional 27,984 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after buying an additional 43,055 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dominion Energy by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,411 shares of the utilities provider’s stock worth $224,307,000 after buying an additional 130,108 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Up 1.0 %

D opened at $56.92 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $47.81 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.51 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The business’s fifty day moving average is $58.15 and its two-hundred day moving average is $55.13.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.69%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.