Dominion Energy, Inc. (NYSE:D) Stock Holdings Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Dominion Energy, Inc. (NYSE:D) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 613,687 shares of the utilities provider’s stock after acquiring an additional 14,451 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dominion Energy were worth $33,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in Dominion Energy by 4.7% in the 2nd quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock valued at $2,910,000 after acquiring an additional 2,680 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Dominion Energy by 2.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after acquiring an additional 1,163 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Dominion Energy by 7.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after acquiring an additional 340 shares during the last quarter. Bank of Montreal Can lifted its holdings in Dominion Energy by 21.0% in the 2nd quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock valued at $42,671,000 after acquiring an additional 144,139 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Dominion Energy in the 2nd quarter valued at about $1,651,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.6 %

D opened at $53.25 on Friday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.15 and a beta of 0.60. The business has a 50 day moving average of $55.34 and a 200-day moving average of $55.88.

Dominion Energy (NYSE:D) last posted 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 return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.01%. Dominion Energy’s dividend payout ratio is 93.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on D shares. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Company 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.