155,011 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 155,011 shares of the utilities provider's stock, valued at approximately $8,349,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy during the third quarter valued at approximately $210,000. Versor Investments LP acquired a new stake in shares of Dominion Energy during the third quarter valued at approximately $248,000. GSA Capital Partners LLP acquired a new stake in shares of Dominion Energy during the third quarter valued at approximately $960,000. Oppenheimer & Co. Inc. raised its holdings in shares of Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock valued at $4,007,000 after acquiring an additional 12,890 shares during the period. Finally, KBC Group NV raised its holdings in shares of Dominion Energy by 3.0% during the third quarter. KBC Group NV now owns 65,413 shares of the utilities provider's stock valued at $3,780,000 after acquiring an additional 1,895 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.3 %

Shares of D traded up $0.18 during mid-day trading on Wednesday, hitting $54.95. 4,311,566 shares of the company's stock were exchanged, compared to its average volume of 4,066,392. The firm has a fifty day moving average of $55.15 and a two-hundred day moving average of $56.33. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The stock has a market cap of $46.82 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.22 and a beta of 0.58. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on D shares. Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target on the stock. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.18.

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.