Dominion Energy, Inc. (NYSE:D) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,018 shares of the utilities provider’s stock after acquiring an additional 1,163 shares during the period. Thrivent Financial for Lutherans’ holdings in Dominion Energy were worth $2,647,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Caprock Group LLC raised its position in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 5,525 shares in the last quarter. SG Americas Securities LLC raised its holdings in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after buying an additional 596 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in shares of Dominion Energy by 27.0% in the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after buying an additional 1,451 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at $708,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.79 on Tuesday. The stock has a fifty day moving average price of $55.93 and a 200 day moving average price of $52.43. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market cap of $48.48 billion, a PE ratio of 29.79, a P/E/G ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $54.50.

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.