Edgestream Partners L.P. Has $2.42 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Edgestream Partners L.P. boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 857.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,871 shares of the utilities provider’s stock after acquiring an additional 37,497 shares during the period. Edgestream Partners L.P.’s holdings in Dominion Energy were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. International Assets Investment Management LLC boosted its stake in Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after purchasing an additional 1,463,858 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Dominion Energy during the second quarter worth about $67,854,000. Assenagon Asset Management S.A. grew its holdings in shares of Dominion Energy by 707.4% during the third quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider’s stock worth $70,038,000 after buying an additional 1,061,829 shares in the last quarter. Bank of New York Mellon Corp raised its position in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after buying an additional 940,402 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Dominion Energy by 2,729.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 933,087 shares of the utilities provider’s stock valued at $53,923,000 after acquiring an additional 900,114 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Performance

Shares of NYSE D opened at $57.35 on Tuesday. 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 company has a market capitalization of $48.17 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock has a 50 day moving average of $58.19 and a 200-day moving average of $55.06.

Dominion Energy (NYSE:D) last released 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. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’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 business posted $0.77 earnings per share. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.