Quantbot Technologies LP Grows Position in Dominion Energy, Inc. (NYSE:D)

Quantbot Technologies LP increased its position in Dominion Energy, Inc. (NYSE:D) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,072 shares of the utilities provider’s stock after purchasing an additional 283 shares during the period. Quantbot Technologies LP’s holdings in Dominion Energy were worth $1,969,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in Dominion Energy by 20.5% in the third quarter. FMR LLC now owns 3,800,024 shares of the utilities provider’s stock worth $219,603,000 after purchasing an additional 647,725 shares during the period. D.A. Davidson & CO. boosted its position in shares of Dominion Energy by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 55,626 shares of the utilities provider’s stock worth $3,215,000 after purchasing an additional 898 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its position in Dominion Energy by 35.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 57,735 shares of the utilities provider’s stock valued at $3,337,000 after buying an additional 15,133 shares in the last quarter. Bank of Montreal Can increased its position in Dominion Energy by 9.5% during the 3rd quarter. Bank of Montreal Can now owns 907,946 shares of the utilities provider’s stock valued at $51,898,000 after buying an additional 78,424 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Dominion Energy in the third quarter worth $477,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.0 %

Dominion Energy stock opened at $59.70 on Friday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a market cap of $50.15 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.59 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50-day simple moving average of $58.18 and a two-hundred day simple moving average of $54.99.

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

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Scotiabank lifted their price target 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. Jefferies Financial Group initiated 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 on the stock. Barclays boosted 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. BMO Capital Markets increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $55.91.

About Dominion Energy

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.