Acadian Asset Management LLC Purchases Shares of 27,145 Dominion Energy, Inc. (NYSE:D)

Acadian Asset Management LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 27,145 shares of the utilities provider’s stock, valued at approximately $1,329,000.

Several other large investors have also added to or reduced their stakes in D. Jump Financial LLC purchased a new stake in Dominion Energy during the 4th quarter valued at about $266,000. Dimensional Fund Advisors LP grew its stake in Dominion Energy by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,954,284 shares of the utilities provider’s stock valued at $91,853,000 after purchasing an additional 361,545 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Dominion Energy by 10.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 9,677 shares of the utilities provider’s stock worth $452,000 after buying an additional 936 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Dominion Energy by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 7,711 shares of the utilities provider’s stock worth $362,000 after buying an additional 1,112 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its stake in shares of Dominion Energy by 4.5% in the fourth quarter. Kentucky Retirement Systems now owns 66,953 shares of the utilities provider’s stock worth $3,147,000 after buying an additional 2,862 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $58.16 on Monday. The company has a market capitalization of $48.79 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.53 and a beta of 0.60. The business’s 50 day moving average is $54.47 and its two-hundred day moving average is $51.62. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.18.

Dominion Energy (NYSE:D) last announced 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. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. Dominion Energy’s payout ratio is currently 137.63%.

Analyst Ratings Changes

A number of brokerages have recently commented on D. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank upped their target price 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. Finally, JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.11.

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.