American Century Companies Inc. Purchases 2,540,713 Shares of Dominion Energy, Inc. (NYSE:D)

American Century Companies Inc. raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 207.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,763,898 shares of the utilities provider's stock after buying an additional 2,540,713 shares during the period. American Century Companies Inc. owned about 0.45% of Dominion Energy worth $202,724,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock valued at $1,032,941,000 after purchasing an additional 367,193 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after acquiring an additional 1,068,996 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock worth $496,358,000 after buying an additional 398,012 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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Dominion Energy Price Performance

Shares of D traded up $0.59 during midday trading on Thursday, reaching $54.45. The stock had a trading volume of 5,189,856 shares, compared to its average volume of 4,041,749. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm's 50 day moving average price is $55.19 and its 200-day moving average price is $56.22. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. The company has a market capitalization of $46.39 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, analysts forecast 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 was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.90%. Dominion Energy's payout ratio is presently 98.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on D. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $57.58.

Dominion Energy Profile

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.