Czech National Bank Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

Czech National Bank raised its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,131 shares of the utilities provider's stock after purchasing an additional 11,231 shares during the period. Czech National Bank's holdings in Dominion Energy were worth $9,810,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Dominion Energy during the 2nd quarter valued at $1,329,000. Oppenheimer & Co. Inc. increased its position in shares of Dominion Energy by 9.8% during the second quarter. Oppenheimer & Co. Inc. now owns 56,453 shares of the utilities provider's stock worth $2,766,000 after acquiring an additional 5,022 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Dominion Energy by 16.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 136,103 shares of the utilities provider's stock worth $6,745,000 after acquiring an additional 19,260 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Dominion Energy by 6.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 7,961 shares of the utilities provider's stock valued at $390,000 after acquiring an additional 497 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Dominion Energy by 1.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 141,616 shares of the utilities provider's stock valued at $6,939,000 after purchasing an additional 2,142 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on D shares. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 price objective on the stock. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price for the company. 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average price target of $56.58.

Dominion Energy Price Performance

Shares of NYSE:D traded up $0.31 during trading on Tuesday, reaching $53.77. The company had a trading volume of 4,613,147 shares, compared to its average volume of 3,984,568. The company has a fifty day moving average of $55.74 and a two-hundred day moving average of $55.65. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $45.17 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.97%. Dominion Energy's payout ratio is 93.68%.

About Dominion Energy

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.