Dominion Energy, Inc. (NYSE:D) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 259.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,130,069 shares of the utilities provider's stock after buying an additional 815,326 shares during the period. First Trust Advisors LP owned approximately 0.13% of Dominion Energy worth $60,866,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GeoWealth Management LLC lifted its position in Dominion Energy by 44.1% during the fourth quarter. GeoWealth Management LLC now owns 4,502 shares of the utilities provider's stock valued at $242,000 after buying an additional 1,377 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in Dominion Energy during the 4th quarter worth $2,108,000. Commerce Bank increased its holdings in Dominion Energy by 2.4% in the 4th quarter. Commerce Bank now owns 134,463 shares of the utilities provider's stock valued at $7,242,000 after purchasing an additional 3,098 shares in the last quarter. Cadence Bank raised its position in Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after purchasing an additional 189 shares during the period. Finally, Adams Wealth Management boosted its position in shares of Dominion Energy by 24.0% in the fourth quarter. Adams Wealth Management now owns 12,166 shares of the utilities provider's stock worth $655,000 after buying an additional 2,353 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 2.6 %

Shares of NYSE D opened at $53.40 on Wednesday. The stock has a market capitalization of $45.51 billion, a P/E ratio of 19.78, a PEG ratio of 1.22 and a beta of 0.57. The stock's 50 day moving average price is $54.46 and its two-hundred day moving average price is $55.59. 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 $47.99 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data 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 anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.00%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

Wall Street Analyst Weigh In

Several brokerages recently commented on D. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $57.00.

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.

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