Dominion Energy, Inc. (NYSE:D) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,314,160 shares of the utilities provider's stock after buying an additional 149,231 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.63% of Dominion Energy worth $286,221,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in D. State Street Corp raised its holdings in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after buying an additional 1,365,555 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 during the period. 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 in the last quarter. Finally, Franklin Resources Inc. increased its stake in Dominion Energy by 4.8% during the 3rd 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 during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. Scotiabank raised their price target 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. Morgan Stanley started 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 investment 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, Dominion Energy has a consensus rating of "Hold" and an average target price of $57.00.

Dominion Energy Stock Up 2.8 %

D traded up $1.52 on Friday, reaching $55.21. The company's stock had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $55.05 and a two-hundred day moving average of $56.40.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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%. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS 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. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's payout ratio is currently 98.89%.

Dominion Energy Company 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.