Bank of Montreal Can Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Bank of Montreal Can raised its position in Dominion Energy, Inc. (NYSE:D) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 907,946 shares of the utilities provider’s stock after acquiring an additional 78,424 shares during the quarter. Bank of Montreal Can’s holdings in Dominion Energy were worth $51,898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $1,452,145,000 after buying an additional 477,181 shares during the period. Bank of New York Mellon Corp lifted its position in 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 worth $734,007,000 after acquiring an additional 940,402 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Dominion Energy by 0.5% during the 2nd 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. increased its holdings in shares of Dominion Energy by 0.8% in 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 period. Finally, Swiss National Bank increased its holdings in Dominion Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,488,020 shares of the utilities provider’s stock worth $143,783,000 after buying an additional 8,600 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $59.71 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a market cap of $50.16 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The stock has a 50 day simple moving average of $58.13 and a 200-day simple moving average of $54.96.

Dominion Energy (NYSE:D) last posted its earnings results 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 the consensus estimate of $4.18 billion. During the same period last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. BMO Capital Markets raised their target price 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. Finally, Barclays boosted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus 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.