Russell Investments Group Ltd. Buys 100,919 Shares of Dominion Energy Inc. (NYSE:D)

Russell Investments Group Ltd. lifted its stake in Dominion Energy Inc. (NYSE:D) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,016,758 shares of the utilities provider’s stock after acquiring an additional 100,919 shares during the period. Russell Investments Group Ltd.’s holdings in Dominion Energy were worth $57,001,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Dominion Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock worth $5,106,823,000 after buying an additional 1,565,459 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Dominion Energy by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock worth $890,318,000 after buying an additional 939,835 shares during the last quarter. Bank of America Corp DE grew its stake in Dominion Energy by 2.9% during the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider’s stock worth $643,422,000 after buying an additional 336,747 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Dominion Energy by 0.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,450,928 shares of the utilities provider’s stock worth $616,747,000 after buying an additional 63,206 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider’s stock worth $501,759,000 after buying an additional 1,330,459 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on D shares. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $53.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 15th. Morgan Stanley dropped their target price on 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $59.14.

Dominion Energy Stock Performance

Shares of D opened at $62.04 on Thursday. The stock has a 50-day moving average of $57.50 and a two-hundred day moving average of $55.76. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.26. 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 stock has a market cap of $52.95 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.33 and a beta of 0.57.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. As a group, research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy’s payout ratio is 92.07%.

Dominion Energy Company 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.