Dominion Energy, Inc. (NYSE:D) Shares Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,655 shares of the utilities provider’s stock after acquiring an additional 6,887 shares during the period. 3Chopt Investment Partners LLC’s holdings in Dominion Energy were worth $1,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of D. Graham Capital Wealth Management LLC grew its stake in Dominion Energy by 1.8% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 46,467 shares of the utilities provider’s stock valued at $2,277,000 after acquiring an additional 809 shares during the last quarter. EP Wealth Advisors LLC increased its position in Dominion Energy by 12.0% during the second quarter. EP Wealth Advisors LLC now owns 8,538 shares of the utilities provider’s stock worth $418,000 after buying an additional 914 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Dominion Energy in the second quarter worth $36,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Dominion Energy in the second quarter valued at $167,000. Finally, NewEdge Advisors LLC increased its position in Dominion Energy by 31.5% during the 2nd quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock worth $2,656,000 after purchasing an additional 12,999 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.1 %

Shares of D stock opened at $57.79 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The firm’s 50 day moving average price is $55.93 and its two-hundred day moving average price is $52.43. The stock has a market cap of $48.40 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the company earned $0.53 earnings per share. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on D. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their target price 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. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.