Dominion Energy, Inc. (NYSE:D) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 63.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,847 shares of the utilities provider’s stock after purchasing an additional 136,171 shares during the period. SG Americas Securities LLC’s holdings in Dominion Energy were worth $20,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC lifted its holdings in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 5,525 shares during the last quarter. Wedmont Private Capital raised its position in Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 596 shares during the period. Vinva Investment Management Ltd raised its position in Dominion Energy by 27.0% in the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after purchasing an additional 1,451 shares during the period. Intech Investment Management LLC purchased a new stake in Dominion Energy in the first quarter valued at approximately $708,000. Finally, QRG Capital Management Inc. purchased a new stake in Dominion Energy in the first quarter valued at approximately $272,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.3 %

Shares of NYSE:D traded up $0.15 during midday trading on Friday, reaching $58.23. The company’s stock had a trading volume of 2,459,670 shares, compared to its average volume of 4,421,705. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 1.55 and a beta of 0.60. 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 1 year low of $39.18 and a 1 year high of $58.94. The business has a 50 day moving average price of $56.43 and a 200 day moving average price of $52.65.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets boosted their target price 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 boosted 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. JPMorgan Chase & Co. boosted their target price on 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 assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.