Moloney Securities Asset Management LLC Increases Position in Dominion Energy, Inc. (NYSE:D)

Moloney Securities Asset Management LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,754 shares of the utilities provider’s stock after acquiring an additional 2,024 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Dominion Energy were worth $1,719,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 period. Price T Rowe Associates Inc. MD grew its holdings in Dominion Energy by 12.9% during the first 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 during the period. Capital Research Global Investors raised its stake in shares of Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after buying an additional 3,613,614 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Dominion Energy by 6.7% during the 2nd 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 buying an additional 940,402 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 2.3 %

Dominion Energy stock opened at $57.62 on Tuesday. The stock has a market cap of $48.34 billion, a P/E ratio of 20.22, a PEG ratio of 1.57 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm’s fifty day moving average price is $57.89 and its 200-day moving average price is $54.21. 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 results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.39% and a net margin of 16.95%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on D. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.40.

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.