Allspring Global Investments Holdings LLC Has $18.89 Million Stake in Dominion Energy, Inc. (NYSE:D)

Allspring Global Investments Holdings LLC grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 347,287 shares of the utilities provider's stock after acquiring an additional 99,517 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Dominion Energy were worth $18,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter worth about $28,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC lifted its position in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after purchasing an additional 449 shares during the period. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 1.3 %

Shares of Dominion Energy stock traded up $0.72 on Thursday, hitting $56.39. The stock had a trading volume of 4,128,531 shares, compared to its average volume of 4,587,365. The stock has a 50 day moving average of $54.46 and a 200 day moving average of $56.32. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $47.36 billion, a P/E ratio of 20.88, a PEG ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's dividend payout ratio is presently 98.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $56.58.

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.