Dominion Energy, Inc. (NYSE:D) Stock Position Increased by Jennison Associates LLC

Jennison Associates LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,261,170 shares of the utilities provider’s stock after acquiring an additional 80,683 shares during the period. Jennison Associates LLC owned approximately 0.15% of Dominion Energy worth $72,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Family Firm Inc. acquired a new position in Dominion Energy in the second quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter valued at $32,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy during the 1st quarter valued at $32,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Dominion Energy during the 3rd quarter worth $36,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on D. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report 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 report on Monday, August 5th. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Performance

NYSE:D opened at $57.80 on Thursday. The firm has a market capitalization of $48.55 billion, a PE ratio of 20.28, a PEG ratio of 1.53 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm’s fifty day simple moving average is $58.05 and its 200 day simple moving average is $54.73.

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

Dominion Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. Dominion Energy’s dividend payout ratio (DPR) 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.