Stephens Inc. AR Has $5.08 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Stephens Inc. AR increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 16.7% during the third quarter, HoldingsChannel.com reports. The firm owned 87,879 shares of the utilities provider’s stock after buying an additional 12,597 shares during the period. Stephens Inc. AR’s holdings in Dominion Energy were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of D. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the period. Capital Research Global Investors boosted 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after purchasing an additional 1,463,858 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth about $67,854,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $58.99 on Friday. The firm has a market cap of $49.49 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $40.44 and a 12 month high of $61.97. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $57.87 and a 200 day moving average price of $54.10.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 140.53%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on D. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Nine research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy 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.