Dominion Energy Inc. $D Shares Bought by Metis Global Partners LLC

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

Other institutional investors have also modified their holdings of the company. Barnes Wealth Management Group Inc boosted its stake in Dominion Energy by 4.4% during the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 169 shares during the period. Sovereign Financial Group Inc. raised its holdings in shares of Dominion Energy by 1.2% in the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock valued at $865,000 after buying an additional 169 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Dominion Energy by 0.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after buying an additional 169 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of Dominion Energy by 3.3% during the third quarter. Howard Capital Management Inc. now owns 5,659 shares of the utilities provider’s stock worth $346,000 after buying an additional 180 shares during the period. Finally, Robinson Value Management Ltd. grew its holdings in shares of Dominion Energy by 0.3% during the third quarter. Robinson Value Management Ltd. now owns 70,438 shares of the utilities provider’s stock worth $4,309,000 after buying an additional 183 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. Morgan Stanley upped their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. TD Cowen initiated coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Barclays dropped their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reduced their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.33.

Dominion Energy Stock Up 2.1%

Shares of Dominion Energy stock opened at $66.46 on Friday. The business has a 50-day moving average price of $60.07 and a 200 day moving average price of $60.36. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $66.79. The firm has a market cap of $56.76 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy Dividend Announcement

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

Dominion Energy Company 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.