ANTIPODES PARTNERS Ltd Acquires 1,733,143 Shares of Dominion Energy Inc. $D

ANTIPODES PARTNERS Ltd lifted its holdings in Dominion Energy Inc. (NYSE:D) by 84,502.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,735,194 shares of the utilities provider’s stock after purchasing an additional 1,733,143 shares during the period. Dominion Energy accounts for about 2.4% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 18th biggest holding. ANTIPODES PARTNERS Ltd’s holdings in Dominion Energy were worth $106,150,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after buying an additional 14,715,895 shares during the last quarter. Norges Bank acquired a new stake in Dominion Energy in the 2nd quarter worth approximately $566,924,000. Mizuho Markets Americas LLC lifted its holdings in Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock worth $53,065,000 after purchasing an additional 3,073,835 shares during the last quarter. State Street Corp boosted its position in Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares during the period. Finally, London Co. of Virginia grew its holdings in Dominion Energy by 30.9% during the second quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock valued at $280,662,000 after purchasing an additional 1,172,445 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock opened at $65.92 on Friday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $67.57. The company has a market capitalization of $56.30 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.77 and a beta of 0.71. The stock has a 50 day moving average of $60.79 and a two-hundred day moving average of $60.57. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.1%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. BMO Capital Markets reduced their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. TD Cowen initiated coverage on shares of Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 price target for the company. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company dropped their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $64.33.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.