Invesco Ltd. Raises Position in Dominion Energy, Inc. (NYSE:D)

Invesco Ltd. boosted its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,959,325 shares of the utilities provider's stock after acquiring an additional 701,653 shares during the quarter. Invesco Ltd. owned 1.30% of Dominion Energy worth $590,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Cape Investment Advisory Inc. grew its position 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 acquiring an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter worth about $27,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on D shares. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $57.00.

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Dominion Energy Stock Up 1.4 %

Shares of D stock traded up $0.74 during midday trading on Friday, reaching $52.67. 5,152,819 shares of the stock were exchanged, compared to its average volume of 4,313,731. The firm has a market cap of $44.89 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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 company's 50 day moving average is $54.74 and its two-hundred day moving average is $55.80. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97.

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 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, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued 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 dividend yield of 5.07%. Dominion Energy's payout ratio is 98.89%.

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.