Cibc World Markets Corp Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

Cibc World Markets Corp boosted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,497 shares of the utilities provider's stock after purchasing an additional 18,709 shares during the period. Cibc World Markets Corp's holdings in Dominion Energy were worth $7,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its position in Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC grew its holdings in Dominion Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock worth $1,032,941,000 after acquiring an additional 367,193 shares during the period. Bank of New York Mellon Corp grew its holdings in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after acquiring an additional 1,068,996 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Dominion Energy by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock worth $496,358,000 after acquiring an additional 398,012 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on D. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley raised their price objective 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. Finally, UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $57.58.

Dominion Energy Stock Down 0.9 %

NYSE D traded down $0.47 on Friday, reaching $54.51. The company had a trading volume of 7,961,348 shares, compared to its average volume of 4,055,388. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.44 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.22 and a beta of 0.58. The company's fifty day moving average is $55.19 and its 200 day moving average is $56.30. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly 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 net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.90%. Dominion Energy's payout ratio is 98.89%.

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.