Bill Few Associates Inc. Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Bill Few Associates Inc. lifted its position in Dominion Energy, Inc. (NYSE:D) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,875 shares of the utilities provider’s stock after buying an additional 1,722 shares during the period. Dominion Energy makes up about 1.2% of Bill Few Associates Inc.’s portfolio, making the stock its 25th largest position. Bill Few Associates Inc.’s holdings in Dominion Energy were worth $3,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Vanguard Group Inc. lifted its stake in Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares during the period. Capital Research Global Investors lifted its stake in shares of Dominion Energy by 20.1% in the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Dominion Energy during the second quarter worth $67,854,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after buying an additional 940,402 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report 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 MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.40.

Dominion Energy Price Performance

Dominion Energy stock opened at $57.62 on Wednesday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. 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 business has a fifty day moving average of $56.77 and a two-hundred day moving average of $53.12. The company has a market cap of $48.26 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating 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 quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. As a group, analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.