Royal London Asset Management Ltd. Buys 22,629 Shares of Dominion Energy, Inc. (NYSE:D)

Royal London Asset Management Ltd. increased its position in Dominion Energy, Inc. (NYSE:D) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,493 shares of the utilities provider’s stock after buying an additional 22,629 shares during the period. Royal London Asset Management Ltd.’s holdings in Dominion Energy were worth $7,570,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Dominion Energy during the 2nd quarter valued at $27,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy during the first quarter worth about $30,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the first quarter worth about $32,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.7 %

Shares of Dominion Energy stock opened at $58.16 on Friday. The firm has a market cap of $48.79 billion, a PE ratio of 29.98, a P/E/G ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a fifty day moving average price of $54.47 and a 200-day moving average price of $51.57.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy’s payout ratio is 137.63%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their price target 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, BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Eight 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, Dominion Energy has a consensus rating of “Hold” and an average price target of $54.11.

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.