23,437 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,437 shares of the utilities provider’s stock, valued at approximately $1,148,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in Dominion Energy during the second quarter worth $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy during the first quarter worth $30,000. LRI Investments LLC acquired a new stake in Dominion Energy during the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy during the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Dominion Energy during the second quarter worth $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets raised 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. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday. They issued a “hold” rating and a $58.00 price objective for the company. Finally, Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Trading Up 0.8 %

NYSE:D opened at $57.93 on Monday. The firm has a market cap of $48.52 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The stock has a fifty day moving average price of $55.23 and a 200 day moving average price of $52.02. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month 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.

Dominion Energy (NYSE:D) last announced 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. The company 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%. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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