Dominion Energy, Inc. (NYSE:D) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 29.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,792 shares of the utilities provider’s stock after acquiring an additional 6,634 shares during the quarter. Assetmark Inc.’s holdings in Dominion Energy were worth $1,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares during the period. Capital Research Global Investors boosted its holdings in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Dominion Energy by 7,438.3% during the third 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. Finally, Jupiter Asset Management Ltd. bought a new position in Dominion Energy during the 2nd quarter worth $67,854,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several analyst reports. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target 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. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Finally, BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.91.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $56.18 on Friday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The firm has a fifty day simple moving average of $58.05 and a 200-day simple moving average of $54.52. 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 stock has a market capitalization of $47.19 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is presently 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.