Brown Brothers Harriman & Co. Has $1.11 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Brown Brothers Harriman & Co. increased its stake in Dominion Energy, Inc. (NYSE:D) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,139 shares of the utilities provider’s stock after buying an additional 253 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Dominion Energy were worth $1,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Family Firm Inc. acquired a new position in Dominion Energy during the second quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in Dominion Energy during the 2nd quarter valued at $33,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 1.0 %

D opened at $59.13 on Wednesday. The stock has a market capitalization of $49.67 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company has a 50-day simple moving average of $58.09 and a 200 day simple moving average of $54.92.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. Analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.52%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.91.

About Dominion Energy

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.