Sanctuary Advisors LLC Acquires New Stake in Dominion Energy, Inc. (NYSE:D)

Sanctuary Advisors LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 150,521 shares of the utilities provider’s stock, valued at approximately $7,594,000.

Several other institutional investors and hedge funds have also recently modified their holdings of D. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares during the period. Capital Research Global Investors grew its stake in Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. Wellington Management Group LLP grew its stake in Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Dominion Energy during the 2nd quarter worth $67,854,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.2 %

D opened at $58.22 on Friday. The business has a 50 day moving average price of $56.43 and a two-hundred day moving average price of $52.65. 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 company has a market cap of $48.76 billion, a PE ratio of 30.01, a P/E/G ratio of 1.55 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94.

Dominion Energy (NYSE:D) last issued its 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. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

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

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.