Dominion Energy, Inc. (NYSE:D) Position Boosted by Everett Harris & Co. CA

Everett Harris & Co. CA increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 28.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,129 shares of the utilities provider's stock after buying an additional 25,280 shares during the quarter. Everett Harris & Co. CA's holdings in Dominion Energy were worth $6,538,000 at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds have also added to or reduced their stakes in D. Vanguard Group Inc. boosted its stake in Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider's stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 1.6% during the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.9% during the 1st 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 in the last quarter. Capital Research Global Investors boosted its stake in Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider's stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 valued at $734,007,000 after purchasing an additional 940,402 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.3 %

D traded up $0.18 during trading on Friday, reaching $59.92. 4,053,132 shares of the stock traded hands, compared to its average volume of 4,406,920. The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $60.73. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock's 50-day simple moving average is $57.10 and its two-hundred day simple moving average is $53.29.

• AI Boom Fuels Demand for Dominion Energy Stock

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.46%. Dominion Energy's dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

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A number of equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research report on Monday, August 5th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price objective for the company. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $55.40.

Read Our Latest Stock Report on Dominion Energy

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.

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