Alliancebernstein L.P. Buys 113,806 Shares of Dominion Energy, Inc. (NYSE:D)

Alliancebernstein L.P. increased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,122,952 shares of the utilities provider's stock after buying an additional 113,806 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Dominion Energy worth $60,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after acquiring an additional 260 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on D. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group increased their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $57.00.

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Dominion Energy Stock Down 1.3 %

Shares of NYSE:D traded down $0.70 during midday trading on Thursday, reaching $51.56. 1,259,532 shares of the company were exchanged, compared to its average volume of 4,297,155. 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 fifty-two week low of $46.62 and a fifty-two week high of $61.97. The stock has a fifty day simple moving average of $54.85 and a two-hundred day simple moving average of $55.88. The firm has a market cap of $43.94 billion, a PE ratio of 19.09, a P/E/G ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 5.18%. Dominion Energy's dividend payout ratio is presently 98.89%.

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.