Balyasny Asset Management LLC Acquires New Shares in Dominion Energy, Inc. (NYSE:D)

Balyasny Asset Management LLC bought a new stake in Dominion Energy, Inc. (NYSE:D – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 418,314 shares of the utilities provider’s stock, valued at approximately $28,910,000. Balyasny Asset Management LLC owned about 0.05% of Dominion Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. JNBA Financial Advisors grew its stake in shares of Dominion Energy by 85.0% during the third quarter. JNBA Financial Advisors now owns 370 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 170 shares during the last quarter. Syverson Strege & Co purchased a new stake in shares of Dominion Energy during the second quarter worth about $33,000. Covestor Ltd grew its stake in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Logan Capital Management Inc. grew its stake in shares of Dominion Energy by 31.9% during the second quarter. Logan Capital Management Inc. now owns 563 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 136 shares during the last quarter. Finally, Annapolis Financial Services LLC grew its stake in shares of Dominion Energy by 40.9% during the third quarter. Annapolis Financial Services LLC now owns 689 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.

Dominion Energy Stock Up 0.9 %

Shares of NYSE:D opened at $54.71 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 1.49. The business has a fifty day moving average of $59.49 and a two-hundred day moving average of $64.60. The stock has a market cap of $45.69 billion, a P/E ratio of 50.19, a PEG ratio of 0.89 and a beta of 0.45. Dominion Energy, Inc. has a 52-week low of $52.92 and a 52-week high of $88.78.

Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business posted $0.90 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. On average, research analysts expect that Dominion Energy, Inc. will post 4 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Friday, March 3rd will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, March 2nd. Dominion Energy’s payout ratio is 244.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Dominion Energy from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 22nd. BMO Capital Markets dropped their target price on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, February 27th. Wells Fargo & Company boosted their price target on Dominion Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Credit Suisse Group decreased their price target on Dominion Energy from $67.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. Finally, Mizuho decreased their price target on Dominion Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $66.50.

Dominion Energy Company Profile

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.