Empowered Funds LLC Increases Holdings in Dominion Energy, Inc. (NYSE:D)

Empowered Funds LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 10.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,460 shares of the utilities provider’s stock after buying an additional 1,323 shares during the quarter. Empowered Funds LLC’s holdings in Dominion Energy were worth $836,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in D. Massachusetts Financial Services Co. MA increased its position in Dominion Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after buying an additional 477,181 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dominion Energy by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after acquiring an additional 940,402 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in Dominion Energy by 0.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock worth $283,227,000 after acquiring an additional 27,984 shares during the last quarter. National Pension Service boosted its position in Dominion Energy by 10.3% during the third quarter. National Pension Service now owns 2,421,572 shares of the utilities provider’s stock worth $139,943,000 after purchasing an additional 226,321 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Dominion Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after purchasing an additional 89,379 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.4 %

NYSE:D opened at $58.14 on Friday. The company has a fifty day moving average of $58.07 and a 200 day moving average of $54.82. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The firm has a market capitalization of $48.84 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.55 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on D. Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank upped their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised 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. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $55.91.

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.