River Road Asset Management LLC Has $57.12 Million Stake in Dominion Energy Inc (NYSE:D)

River Road Asset Management LLC increased its position in Dominion Energy Inc (NYSE:D) by 15.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 704,774 shares of the utilities provider’s stock after purchasing an additional 95,715 shares during the period. River Road Asset Management LLC owned about 0.09% of Dominion Energy worth $57,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of D. Bath Savings Trust Co boosted its holdings in Dominion Energy by 7.3% during the second quarter. Bath Savings Trust Co now owns 6,651 shares of the utilities provider’s stock worth $514,000 after buying an additional 450 shares in the last quarter. Thomasville National Bank boosted its holdings in Dominion Energy by 6.9% during the second quarter. Thomasville National Bank now owns 44,713 shares of the utilities provider’s stock worth $3,457,000 after buying an additional 2,897 shares in the last quarter. Private Trust Co. NA boosted its holdings in Dominion Energy by 21.2% during the second quarter. Private Trust Co. NA now owns 7,212 shares of the utilities provider’s stock worth $557,000 after buying an additional 1,263 shares in the last quarter. Woodstock Corp boosted its holdings in Dominion Energy by 3.8% during the second quarter. Woodstock Corp now owns 18,772 shares of the utilities provider’s stock worth $1,451,000 after buying an additional 690 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A boosted its holdings in Dominion Energy by 3.1% during the second quarter. OLD Point Trust & Financial Services N A now owns 53,291 shares of the utilities provider’s stock worth $4,120,000 after buying an additional 1,590 shares in the last quarter. 63.92% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on D shares. Wells Fargo & Co raised their target price on shares of Dominion Energy from $83.00 to $88.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of Dominion Energy from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Morgan Stanley raised their target price on shares of Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Finally, Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.45.

Dominion Energy stock traded up $0.10 during midday trading on Tuesday, reaching $79.72. The stock had a trading volume of 2,169,292 shares, compared to its average volume of 2,829,866. The firm’s fifty day simple moving average is $81.50 and its two-hundred day simple moving average is $77.86. Dominion Energy Inc has a twelve month low of $67.41 and a twelve month high of $83.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.51 and a quick ratio of 0.37. The firm has a market cap of $66.08 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.97 and a beta of 0.22.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the business posted $1.15 EPS. The company’s revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.60%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.

In other Dominion Energy news, VP Jeffrey Michael Zeiler purchased 15,112 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $6.31 per share, for a total transaction of $95,356.72. Also, Director Michael E. Szymanczyk purchased 21,400 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $78.85 per share, for a total transaction of $1,687,390.00. Following the acquisition, the director now directly owns 19,541 shares in the company, valued at approximately $1,540,807.85. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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