Metis Global Partners LLC Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Metis Global Partners LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 32.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,696 shares of the utilities provider’s stock after acquiring an additional 16,695 shares during the period. Metis Global Partners LLC’s holdings in Dominion Energy were worth $3,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of D. Family Firm Inc. purchased a new stake in Dominion Energy during the second quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the 3rd quarter valued at about $28,000. LRI Investments LLC bought a new stake in Dominion Energy in the 1st quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new stake in Dominion Energy in the second quarter worth approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy during the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.7 %

Shares of NYSE:D opened at $56.18 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a market cap of $47.19 billion, a P/E ratio of 19.71, a PEG ratio of 1.51 and a beta of 0.59. The stock’s fifty day moving average price is $58.05 and its 200-day moving average price is $54.52.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share 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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.75%. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on D. BMO Capital Markets upped 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. JPMorgan Chase & Co. lifted their target price 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. Barclays raised their price target 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. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.91.

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.