Ceeto Capital Group LLC bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the utilities provider's stock, valued at approximately $808,000.
A number of other institutional investors have also recently added to or reduced their stakes in D. Vanguard Group Inc. lifted its stake in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after buying an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 during the period. Geode Capital Management LLC boosted its position in shares of Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 1,068,996 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.
Dominion Energy Stock Down 1.2 %
Dominion Energy stock traded down $0.62 during trading on Wednesday, reaching $53.05. The stock had a trading volume of 6,082,316 shares, compared to its average volume of 4,319,442. 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, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The stock has a market cap of $45.21 billion, a PE ratio of 19.65, a P/E/G ratio of 1.22 and a beta of 0.57. The business has a 50 day moving average price of $54.73 and a 200 day moving average price of $55.77.
Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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 predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on D shares. Morgan Stanley boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One research 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $57.00.
Read Our Latest Stock Analysis on Dominion Energy
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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