Orion Portfolio Solutions LLC Has $11.80 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Orion Portfolio Solutions LLC grew its stake in Dominion Energy, Inc. (NYSE:D) by 31.7% in the third quarter, HoldingsChannel reports. The fund owned 204,208 shares of the utilities provider’s stock after acquiring an additional 49,165 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dominion Energy were worth $11,801,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. State Street Corp increased its position in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of 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 worth $1,452,145,000 after buying an additional 477,181 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after buying an additional 940,402 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after buying an additional 3,278,175 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in Dominion Energy by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after acquiring an additional 27,984 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 1.5 %

D opened at $56.05 on Friday. The stock has a market capitalization of $47.08 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.50 and a beta of 0.59. 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 firm’s fifty day simple moving average is $58.13 and its 200 day simple moving average is $55.16.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 4.76%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price 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 assumed coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.33.

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.