MetLife Investment Advisors LLC lessened its holdings in Dominion Energy Inc (NYSE:D) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,180 shares of the utilities provider’s stock after selling 1,916 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Dominion Energy were worth $13,366,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Dominion Energy by 18.0% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 702 shares in the last quarter. Cleararc Capital Inc. lifted its position in Dominion Energy by 1.0% during the 3rd quarter. Cleararc Capital Inc. now owns 74,464 shares of the utilities provider’s stock worth $5,233,000 after buying an additional 720 shares in the last quarter. Victory Capital Management Inc. lifted its position in Dominion Energy by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock worth $17,852,000 after buying an additional 726 shares in the last quarter. Good Life Advisors LLC lifted its position in Dominion Energy by 6.4% during the 3rd quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock worth $873,000 after buying an additional 748 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in Dominion Energy by 9.6% during the 3rd quarter. Wetherby Asset Management Inc. now owns 8,656 shares of the utilities provider’s stock worth $609,000 after buying an additional 756 shares in the last quarter. 67.23% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays set a $79.00 price target on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $75.00 to $84.00 in a research report on Thursday, November 29th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Monday, October 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price target on the stock in a research report on Tuesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $85.45.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. On average, sell-side analysts forecast that Dominion Energy Inc will post 4.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, December 6th. This represents a $3.34 annualized dividend and a yield of 4.34%. Dominion Energy’s dividend payout ratio is currently 92.78%.
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About Dominion Energy
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Power Delivery, Power Generation, and Gas Infrastructure.
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