Evercore Wealth Management LLC Acquires 1,091 Shares of Dominion Energy Inc (D)

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Evercore Wealth Management LLC raised its holdings in shares of Dominion Energy Inc (NYSE:D) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,161 shares of the utilities provider’s stock after purchasing an additional 1,091 shares during the period. Evercore Wealth Management LLC’s holdings in Dominion Energy were worth $1,698,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in D. Commonwealth Bank of Australia increased its stake in Dominion Energy by 40.5% during the second quarter. Commonwealth Bank of Australia now owns 8,028,891 shares of the utilities provider’s stock valued at $549,725,000 after purchasing an additional 2,316,005 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dominion Energy by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after acquiring an additional 1,413,097 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Dominion Energy during the second quarter valued at $33,441,000. Jennison Associates LLC acquired a new position in shares of Dominion Energy during the third quarter valued at $30,691,000. Finally, BlackRock Inc. boosted its holdings in shares of Dominion Energy by 0.8% during the third quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock valued at $3,245,357,000 after acquiring an additional 345,036 shares during the period. Hedge funds and other institutional investors own 67.16% of the company’s stock.

Several brokerages have recently issued reports on D. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Barclays began coverage on shares of Dominion Energy in a report on Monday, October 22nd. They set a “buy” rating and a $78.00 price target for the company. Argus boosted their price target on shares of Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. ValuEngine raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Finally, Macquarie set a $74.00 price target on shares of Dominion Energy and gave the company a “buy” rating in a report on Tuesday, September 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $85.58.

D stock opened at $74.78 on Friday. The stock has a market capitalization of $49.34 billion, a P/E ratio of 20.77, a P/E/G ratio of 3.06 and a beta of 0.18. Dominion Energy Inc has a fifty-two week low of $61.53 and a fifty-two week high of $85.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. On average, analysts anticipate that Dominion Energy Inc will post 4.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s payout ratio is currently 92.78%.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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