Brown Brothers Harriman & Co. Has $925,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Brown Brothers Harriman & Co. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 36.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,886 shares of the utilities provider’s stock after acquiring an additional 5,044 shares during the period. Brown Brothers Harriman & Co.’s holdings in Dominion Energy were worth $925,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. raised its position in shares of Dominion Energy by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after buying an additional 27,984 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Dominion Energy by 4.6% in the second quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock valued at $740,000 after buying an additional 668 shares in the last quarter. Alta Advisers Ltd raised its position in shares of Dominion Energy by 15.0% in the second quarter. Alta Advisers Ltd now owns 2,300 shares of the utilities provider’s stock valued at $113,000 after buying an additional 300 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Dominion Energy by 1.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 141,616 shares of the utilities provider’s stock valued at $6,939,000 after buying an additional 2,142 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of Dominion Energy by 6.7% in the second quarter. Wealthspire Advisors LLC now owns 7,961 shares of the utilities provider’s stock valued at $390,000 after buying an additional 497 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D opened at $58.37 on Wednesday. The firm’s fifty day moving average price is $54.84 and its two-hundred day moving average price is $51.79. The stock has a market cap of $48.89 billion, a PE ratio of 30.09, a PEG ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week 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.

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

Dominion Energy Announces Dividend

The firm 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 dividend yield of 4.57%. Dominion Energy’s dividend payout ratio is 137.63%.

Analyst Ratings Changes

A number of research firms have recently weighed in on D. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.