Ieq Capital LLC Purchases 7,263 Shares of Dominion Energy, Inc. (NYSE:D)

Ieq Capital LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,579 shares of the utilities provider’s stock after buying an additional 7,263 shares during the quarter. Ieq Capital LLC’s holdings in Dominion Energy were worth $1,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Dominion Energy by 3.9% during the 2nd quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock worth $336,000 after buying an additional 259 shares in the last quarter. Intech Investment Management LLC boosted its position in Dominion Energy by 175.0% during the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock valued at $1,938,000 after purchasing an additional 25,173 shares in the last quarter. Garner Asset Management Corp boosted its position in Dominion Energy by 14.2% during the second quarter. Garner Asset Management Corp now owns 17,796 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 2,214 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Dominion Energy by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock valued at $4,531,000 after purchasing an additional 13,357 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Dominion Energy by 0.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on D shares. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Scotiabank increased 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. Finally, Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday. They issued a “hold” rating and a $58.00 price target for the company. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Trading Up 0.8 %

Shares of NYSE:D opened at $57.93 on Monday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $55.23 and a 200-day moving average price of $52.02.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.