Dominion Energy Inc. (NYSE:D) Holdings Raised by Maple Brown Abbott Ltd

Key Points

• Maple Brown Abbott Ltd increased its stake in Dominion Energy Inc. by 42.4%, now owning 1,652,333 shares valued at approximately $92.65 million, making it the 9th largest position in their investment portfolio.
• Other institutional investors, including Marshall Wace LLP and Vanguard Group Inc., have also significantly invested in Dominion Energy, with hedge funds owning 73.04% of the company's stock.
• Dominion Energy reported a quarterly EPS of $0.75, missing estimates by $0.02, and announced a dividend of $0.6675 per share, representing an annualized dividend yield of 4.4%.

Maple Brown Abbott Ltd increased its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,652,333 shares of the utilities provider's stock after acquiring an additional 491,713 shares during the quarter. Dominion Energy makes up approximately 6.3% of Maple Brown Abbott Ltd's holdings, making the stock its 9th biggest holding. Maple Brown Abbott Ltd owned approximately 0.19% of Dominion Energy worth $92,654,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of D. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $28,000. Finally, Navigoe LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on D. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $59.14.

Dominion Energy Stock Down 0.1%

Shares of NYSE:D traded down $0.07 during midday trading on Friday, hitting $61.11. 6,542,755 shares of the company's stock traded hands, compared to its average volume of 4,992,185. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The company has a market cap of $52.15 billion, a PE ratio of 21.07, a P/E/G ratio of 1.33 and a beta of 0.57. The firm's fifty day moving average price is $57.71 and its two-hundred day moving average price is $55.84. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.26.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business's revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's payout ratio is 92.07%.

Dominion Energy 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.