Dominion Energy, Inc. (NYSE:D) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 2,729.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 933,087 shares of the utilities provider’s stock after buying an additional 900,114 shares during the period. Los Angeles Capital Management LLC’s holdings in Dominion Energy were worth $53,923,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the second quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the third quarter valued at approximately $28,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at approximately $35,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 2.0 %

Shares of NYSE:D traded up $1.16 during midday trading on Friday, hitting $57.79. 5,554,525 shares of the company’s stock traded hands, compared to its average volume of 4,598,439. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74. The company has a market cap of $48.54 billion, a PE ratio of 20.28, a P/E/G ratio of 1.54 and a beta of 0.59. The firm’s fifty day moving average price is $58.01 and its two-hundred day moving average price is $54.38. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

D has been the subject of several analyst reports. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday. Jefferies Financial Group started 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. BMO Capital Markets lifted 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. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.