Dominion Energy, Inc. (NYSE:D) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,881,411 shares of the utilities provider’s stock after purchasing an additional 130,108 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.46% of Dominion Energy worth $224,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of D. BLB&B Advisors LLC lifted its holdings in shares of Dominion Energy by 2.5% during the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after buying an additional 195 shares during the last quarter. Valley National Advisers Inc. lifted its stake in Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares during the period. Altman Advisors Inc. boosted its holdings in shares of Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 198 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Dominion Energy by 2.8% in the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several recent research reports. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Scotiabank upped 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Price Performance

Shares of NYSE D opened at $58.76 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a fifty day moving average of $58.19 and a 200 day moving average of $55.03. The firm has a market cap of $49.36 billion, a PE ratio of 20.62, a PEG ratio of 1.59 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

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.