Marshall Wace LLP Acquires New Shares in Dominion Energy, Inc. (NYSE:D)

Marshall Wace LLP bought a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,692 shares of the utilities provider’s stock, valued at approximately $1,651,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sagefield Capital LP lifted its stake in shares of Dominion Energy by 26.5% in the 2nd quarter. Sagefield Capital LP now owns 78,324 shares of the utilities provider’s stock valued at $3,838,000 after acquiring an additional 16,392 shares during the last quarter. Bank of Montreal Can increased its holdings in Dominion Energy by 21.0% in the 2nd quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock worth $42,671,000 after purchasing an additional 144,139 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new position in Dominion Energy in the second quarter valued at about $1,148,000. Evergreen Capital Management LLC boosted its stake in shares of Dominion Energy by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 340 shares in the last quarter. Finally, Beck Capital Management LLC bought a new stake in shares of Dominion Energy during the second quarter worth about $2,143,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock opened at $58.23 on Friday. The stock’s 50-day moving average is $56.43 and its 200 day moving average is $52.68. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on D shares. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $54.50.

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.