Dominion Energy, Inc. (NYSE:D) Stake Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,164,929 shares of the utilities provider's stock after acquiring an additional 43,055 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.61% of Dominion Energy worth $298,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BLB&B Advisors LLC lifted its holdings in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider's stock worth $535,000 after acquiring an additional 195 shares during the last quarter. Valley National Advisers Inc. boosted its position in Dominion Energy by 8.6% during the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider's stock worth $122,000 after acquiring an additional 198 shares during the last quarter. Altman Advisors Inc. raised its holdings in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider's stock valued at $1,423,000 after acquiring an additional 198 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its stake in shares of Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider's stock worth $362,000 after purchasing an additional 199 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on D shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank boosted 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. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, August 5th. Finally, Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target of $55.91.

Dominion Energy Stock Performance

Shares of D stock traded down $0.23 on Friday, hitting $58.14. 4,785,161 shares of the stock traded hands, compared to its average volume of 4,877,367. The company's fifty day moving average is $58.07 and its 200 day moving average is $54.80. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a market capitalization of $48.84 billion, a PE ratio of 20.40, a PEG ratio of 1.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy's payout ratio is 93.68%.

About Dominion Energy

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.