Canada Pension Plan Investment Board Acquires 63,206 Shares of Dominion Energy, Inc. (NYSE:D)

Canada Pension Plan Investment Board lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,450,928 shares of the utilities provider's stock after buying an additional 63,206 shares during the quarter. Canada Pension Plan Investment Board owned about 1.36% of Dominion Energy worth $616,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC grew its stake in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank grew its position in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock valued at $9,810,000 after purchasing an additional 11,231 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock worth $1,939,000 after purchasing an additional 4,861 shares during the period. Pacer Advisors Inc. boosted its stake in Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after buying an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new position in Dominion Energy during the fourth quarter worth about $1,027,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on D. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Trading Up 2.3 %

Shares of Dominion Energy stock traded up $1.22 during midday trading on Tuesday, reaching $53.28. 1,325,828 shares of the company's stock traded hands, compared to its average volume of 4,337,567. The stock has a 50 day moving average of $54.52 and a 200-day moving average of $55.60. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The company has a market cap of $45.41 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

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.