Dominion Energy, Inc. (NYSE:D) Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. grew its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,504,329 shares of the utilities provider's stock after acquiring an additional 231,059 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.54% of Dominion Energy worth $242,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Barclays PLC increased its position in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares during the last quarter. Finally, Czech National Bank increased 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 during the last quarter. Institutional investors own 73.04% of the company's stock.

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Dominion Energy Stock Up 0.1 %

Shares of D stock traded up $0.06 during mid-day trading on Tuesday, hitting $54.77. The stock had a trading volume of 4,937,052 shares, compared to its average volume of 4,082,381. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The firm has a market capitalization of $46.66 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm's 50-day moving average is $55.14 and its two-hundred day moving average is $56.34. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

Analyst Ratings Changes

D has been the topic of several analyst reports. Scotiabank boosted their target price on 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 initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $57.18.

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.