Arlington Capital Management Inc. Buys 321 Shares of Dominion Energy, Inc. (NYSE:D)

Arlington Capital Management Inc. raised its position in Dominion Energy, Inc. (NYSE:D) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 16,760 shares of the utilities provider’s stock after purchasing an additional 321 shares during the quarter. Arlington Capital Management Inc.’s holdings in Dominion Energy were worth $969,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caprock Group LLC increased its position in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 5,525 shares in the last quarter. SG Americas Securities LLC increased its position in Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares during the period. Pathway Financial Advisers LLC boosted its stake in Dominion Energy by 351.8% in the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 37,514 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Dominion Energy during the 1st quarter worth $708,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Dominion Energy in the 1st quarter valued at $272,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE:D traded down $0.94 during mid-day trading on Monday, hitting $58.05. The stock had a trading volume of 1,213,881 shares, compared to its average volume of 4,385,534. The company’s 50 day simple moving average is $57.87 and its 200 day simple moving average is $54.14. The stock has a market cap of $48.70 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. 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 earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. On average, equities research analysts forecast 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 will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 140.53%.

Analyst Ratings Changes

A number of brokerages recently commented on D. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Scotiabank boosted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $55.40.

Dominion Energy 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.