Dimensional Fund Advisors LP Buys 89,379 Shares of Dominion Energy, Inc. (NYSE:D)

Dimensional Fund Advisors LP boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,127,357 shares of the utilities provider’s stock after buying an additional 89,379 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of Dominion Energy worth $104,253,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in shares of Dominion Energy in the second quarter worth $27,000. Rise Advisors LLC bought a new stake in Dominion Energy in the 1st quarter worth approximately $30,000. LRI Investments LLC bought a new position in shares of Dominion Energy during the 1st quarter valued at $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy in the second quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Scotiabank lifted their target price 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. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Nine 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, the stock presently has a consensus rating of “Hold” and an average target price of $54.50.

Dominion Energy Stock Performance

D opened at $57.02 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.57 and a beta of 0.60. The company has a fifty day moving average of $55.48 and a 200 day moving average of $52.16. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. 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 4.68%. Dominion Energy’s dividend payout ratio is currently 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.