Dominion Energy Inc. $D Stake Boosted by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 13.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 102,266 shares of the utilities provider’s stock after acquiring an additional 12,426 shares during the period. Metis Global Partners LLC’s holdings in Dominion Energy were worth $6,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in D. Vanguard Group Inc. increased its position in Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares during the period. State Street Corp boosted its holdings in shares of Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after acquiring an additional 1,313,621 shares during the period. Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after acquiring an additional 575,350 shares during the last quarter. Norges Bank bought a new position in shares of Dominion Energy during the second quarter worth about $566,924,000. Finally, Legal & General Group Plc increased its holdings in shares of Dominion Energy by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after acquiring an additional 394,158 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 2.1%

Dominion Energy stock opened at $66.46 on Friday. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $66.79. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The stock has a market capitalization of $56.76 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The firm has a 50 day simple moving average of $60.07 and a 200-day simple moving average of $60.36.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. TD Cowen assumed coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price target on the stock. Barclays reduced their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, BMO Capital Markets cut their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.