Great Valley Advisor Group Inc. Takes Position in Dominion Energy, Inc. (NYSE:D)

Great Valley Advisor Group Inc. bought a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,604 shares of the utilities provider’s stock, valued at approximately $266,000.

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in Dominion Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after purchasing an additional 477,181 shares during the last quarter. Bank of New York Mellon Corp lifted its position in 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 valued at $734,007,000 after purchasing an additional 940,402 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Dominion Energy by 0.5% during 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 purchasing an additional 27,984 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Dominion Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,488,020 shares of the utilities provider’s stock worth $143,783,000 after acquiring an additional 8,600 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.0 %

Shares of NYSE D opened at $59.71 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The firm’s fifty day moving average is $58.13 and its 200 day moving average is $54.96. The company has a market cap of $50.16 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.56 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several research analysts have commented on D shares. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note 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 stock a “market perform” rating in a research note on Monday, August 5th. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Finally, Scotiabank lifted their price target 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. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.91.

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.