Intech Investment Management LLC Has $1.94 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Intech Investment Management LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 175.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,556 shares of the utilities provider’s stock after buying an additional 25,173 shares during the quarter. Intech Investment Management LLC’s holdings in Dominion Energy were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter worth about $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the 1st quarter worth approximately $30,000. LRI Investments LLC bought a new stake in Dominion Energy during the first quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy during the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Dominion Energy in the second quarter valued at approximately $35,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday. They issued a “hold” rating and a $58.00 price target on the stock. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Performance

Shares of NYSE D opened at $57.86 on Tuesday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $55.36 and a 200 day simple moving average of $52.09. The firm has a market capitalization of $48.46 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts expect 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. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.61%. Dominion Energy’s payout ratio is presently 137.63%.

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.