One Capital Management LLC Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

One Capital Management LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,843 shares of the utilities provider’s stock after buying an additional 22,066 shares during the period. One Capital Management LLC’s holdings in Dominion Energy were worth $7,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Dominion Energy by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after buying an additional 89,379 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Dominion Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after buying an additional 477,181 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Dominion Energy by 36.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,886 shares of the utilities provider’s stock worth $925,000 after buying an additional 5,044 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Dominion Energy by 0.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock valued at $283,227,000 after purchasing an additional 27,984 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Dominion Energy by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock valued at $740,000 after purchasing an additional 668 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped 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. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.11.

Dominion Energy Trading Up 1.7 %

Shares of D stock opened at $58.16 on Monday. The firm has a market cap of $48.79 billion, a P/E ratio of 29.98, a PEG ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $54.47 and its 200-day simple moving average is $51.62.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.