Profund Advisors LLC Increases Holdings in Dominion Energy, Inc. (NYSE:D)

Profund Advisors LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 48.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,284 shares of the utilities provider’s stock after buying an additional 15,056 shares during the period. Profund Advisors LLC’s holdings in Dominion Energy were worth $2,268,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in D. Jump Financial LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $266,000. Clearbridge Investments LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $217,000. Assetmark Inc. grew its position in shares of Dominion Energy by 16.6% during the 4th quarter. Assetmark Inc. now owns 25,296 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 3,603 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Dominion Energy by 48.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 975 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Dominion Energy during the 4th quarter valued at $588,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of 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 upped their target price 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. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 target price for the company. Finally, Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Up 0.8 %

Shares of D stock opened at $57.93 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94. The company’s fifty day simple moving average is $55.23 and its two-hundred day simple moving average is $52.02. The stock has a market cap of $48.52 billion, a P/E ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share 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 company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

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.