BNP Paribas Financial Markets Has $81.40 Million Stake in Dominion Energy, Inc. (NYSE:D)

BNP Paribas Financial Markets raised its stake in Dominion Energy, Inc. (NYSE:D) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,408,495 shares of the utilities provider’s stock after buying an additional 193,915 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Dominion Energy worth $81,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in D. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the third quarter worth about $28,000. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $32,000. Larson Financial Group LLC lifted its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on D. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Trading Up 1.0 %

Shares of D stock opened at $59.71 on Thursday. The firm has a market capitalization of $50.16 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $58.13 and its 200 day simple moving average is $54.96.

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

Dominion Energy Announces Dividend

The business 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 dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

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.