United Services Automobile Association Increases Holdings in Dominion Energy Inc (D)

United Services Automobile Association raised its position in shares of Dominion Energy Inc (NYSE:D) by 12.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 952,304 shares of the utilities provider’s stock after purchasing an additional 102,781 shares during the quarter. United Services Automobile Association’s holdings in Dominion Energy were worth $66,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $121,000. Psagot Investment House Ltd. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $126,000. First Hawaiian Bank acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $132,000. Wagner Wealth Management LLC raised its position in shares of Dominion Energy by 859.5% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,919 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 1,719 shares during the period. Finally, Bridgeworth LLC acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $166,000. Hedge funds and other institutional investors own 67.43% of the company’s stock.

D opened at $73.97 on Friday. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $85.30. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62. The company has a market capitalization of $48.03 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.18.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. As a group, research analysts expect that Dominion Energy Inc will post 4.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Thursday, December 6th. Dominion Energy’s payout ratio is currently 92.78%.

D has been the topic of several analyst reports. Bank of America lowered their target price on Dominion Energy from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Macquarie set a $74.00 target price on Dominion Energy and gave the company a “buy” rating in a research report on Tuesday, September 25th. Barclays set a $79.00 target price on Dominion Energy and gave the company a “buy” rating in a research report on Saturday, November 17th. Argus raised their target price on Dominion Energy from $74.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Monday, October 22nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dominion Energy currently has a consensus rating of “Buy” and an average price target of $85.58.

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Dominion Energy Company Profile

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.

Read More: Why do company’s buyback their stock?

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

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