Brandywine Global Investment Management LLC Grows Stake in Dominion Energy, Inc. (NYSE:D)

Brandywine Global Investment Management LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 750,710 shares of the utilities provider's stock after buying an additional 200,059 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of Dominion Energy worth $40,433,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its position in Dominion Energy by 397.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 709,944 shares of the utilities provider's stock valued at $38,763,000 after purchasing an additional 567,135 shares in the last quarter. Summit Securities Group LLC lifted its position in shares of Dominion Energy by 5,500.0% during the 4th quarter. Summit Securities Group LLC now owns 5,600 shares of the utilities provider's stock worth $302,000 after purchasing an additional 5,500 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Dominion Energy by 55.0% during the fourth quarter. Schroder Investment Management Group now owns 1,243,438 shares of the utilities provider's stock worth $66,984,000 after purchasing an additional 441,402 shares in the last quarter. Allianz SE acquired a new stake in Dominion Energy in the fourth quarter valued at $437,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Dominion Energy in the fourth quarter valued at $771,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock traded down $0.02 during mid-day trading on Thursday, hitting $56.21. The stock had a trading volume of 2,675,551 shares, compared to its average volume of 4,214,763. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. 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 company's 50-day simple moving average is $55.26 and its 200-day simple moving average is $56.15. The firm has a market cap of $47.90 billion, a PE ratio of 20.82, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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 anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent analyst reports. UBS Group increased 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 increased their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. 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. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average 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.