4,963 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Banco Santander S.A.

Banco Santander S.A. bought a new stake in Dominion Energy, Inc. (NYSE:D) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,963 shares of the utilities provider’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. International Assets Investment Management LLC lifted its position 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 valued at $85,734,000 after purchasing an additional 1,463,858 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $67,854,000. Assenagon Asset Management S.A. boosted its position 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 during the period. Bank of New York Mellon Corp grew its holdings 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 worth $734,007,000 after buying an additional 940,402 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings 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 worth $53,923,000 after buying an additional 900,114 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Dominion Energy stock opened at $58.14 on Friday. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm’s 50 day simple moving average is $58.07 and its 200-day simple moving average is $54.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $48.84 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate 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 was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

A number of research analysts have issued reports on D shares. BMO Capital Markets boosted their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. 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 note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.91.

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.