Northwest & Ethical Investments L.P. Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Northwest & Ethical Investments L.P. raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 251,445 shares of the utilities provider’s stock after acquiring an additional 4,950 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Dominion Energy were worth $14,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dominion Energy by 3.5% in 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 valued at $224,307,000 after purchasing an additional 130,108 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Dominion Energy by 2.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 189,918 shares of the utilities provider’s stock valued at $10,975,000 after buying an additional 4,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dominion Energy by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 276,338 shares of the utilities provider’s stock valued at $15,970,000 after buying an additional 5,461 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Dominion Energy by 0.5% in the third quarter. Glenmede Trust Co. NA now owns 112,818 shares of the utilities provider’s stock valued at $6,520,000 after buying an additional 594 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in Dominion Energy by 22.7% during the third quarter. Townsquare Capital LLC now owns 15,683 shares of the utilities provider’s stock worth $906,000 after acquiring an additional 2,899 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on D. Scotiabank boosted their target price 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. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Barclays increased their target price 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Up 1.0 %

NYSE:D traded up $0.58 on Thursday, reaching $59.70. The stock had a trading volume of 5,401,078 shares, compared to its average volume of 4,439,415. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The firm’s fifty day moving average is $58.13 and its two-hundred day moving average is $54.96. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. 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 previous year, the firm earned $0.77 earnings per share. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. Equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.47%. Dominion Energy’s dividend payout ratio (DPR) is 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.