Quadrant Capital Group LLC Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Quadrant Capital Group LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 44.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,618 shares of the utilities provider’s stock after acquiring an additional 2,327 shares during the period. Quadrant Capital Group LLC’s holdings in Dominion Energy were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in D. Nations Financial Group Inc. IA ADV boosted its stake in shares of Dominion Energy by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after buying an additional 128 shares during the last quarter. Golden State Equity Partners boosted its stake in shares of Dominion Energy by 1.7% during the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after buying an additional 129 shares during the last quarter. Covestor Ltd boosted its stake in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dominion Energy by 0.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after buying an additional 132 shares during the last quarter. Finally, Ergoteles LLC boosted its stake in shares of Dominion Energy by 3.2% during the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock worth $401,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $46.76 on Friday. The company’s 50 day moving average price is $43.98 and its two-hundred day moving average price is $48.88. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $63.94. The firm has a market cap of $39.13 billion, a PE ratio of 23.86, a PEG ratio of 4.00 and a beta of 0.52. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 1.26.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.38 billion. Dominion Energy had a return on equity of 10.94% and a net margin of 9.66%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.93 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.67 annualized dividend and a dividend yield of 5.71%. Dominion Energy’s dividend payout ratio is 136.23%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on D shares. Morgan Stanley dropped their target price on shares of Dominion Energy from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Royal Bank of Canada dropped their target price on shares of Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 13th. Barclays raised shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $45.00 to $47.00 in a report on Monday, November 6th. Wells Fargo & Company lowered their price target on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, October 20th. Finally, Scotiabank cut shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $56.00 to $46.00 in a report on Monday, October 16th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.17.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.