Aigen Investment Management LP bought a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,645 shares of the utilities provider's stock, valued at approximately $2,620,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock valued at $4,007,000 after buying an additional 12,890 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after buying an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy in the third quarter valued at $1,223,000. Hotchkis & Wiley Capital Management LLC raised its stake in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after buying an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC raised its stake in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
D has been the topic of a number of research analyst reports. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $57.00.
Check Out Our Latest Stock Report on Dominion Energy
Dominion Energy Stock Performance
D stock traded up $1.52 during trading on Friday, hitting $55.21. The company had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. The firm has a market cap of $47.04 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. The firm has a 50-day moving average price of $55.05 and a 200-day moving average price of $56.40. 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 (NYSE:D - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is presently 98.89%.
About Dominion Energy
(
Free Report)
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.
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