Los Angeles Capital Management LLC Buys 53,741 Shares of Dominion Energy Inc. (NYSE:D)

Los Angeles Capital Management LLC boosted its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 620,602 shares of the utilities provider's stock after acquiring an additional 53,741 shares during the period. Los Angeles Capital Management LLC owned 0.07% of Dominion Energy worth $34,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Kayne Anderson Rudnick Investment Management LLC grew its stake in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $27,000. Navigoe LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at $29,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Dominion Energy in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

D has been the subject of several research reports. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley lowered their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Trading Up 1.5%

Shares of D stock traded up $0.86 on Tuesday, reaching $58.55. The company had a trading volume of 4,017,585 shares, compared to its average volume of 4,800,563. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market cap of $49.93 billion, a PE ratio of 21.93, a PEG ratio of 1.26 and a beta of 0.56. The company has a 50-day moving average of $56.09 and a 200-day moving average of $55.07. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.56%. Dominion Energy's payout ratio is 100.00%.

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.