Ossiam Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Ossiam lifted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 4,258.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,756 shares of the utilities provider's stock after purchasing an additional 224,484 shares during the quarter. Ossiam's holdings in Dominion Energy were worth $12,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Cape Investment Advisory Inc. lifted its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% in 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 during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D traded up $0.13 during midday trading on Thursday, reaching $53.46. 2,121,890 shares of the stock were exchanged, compared to its average volume of 4,345,353. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.22 and a beta of 0.57. The business's 50-day moving average price is $54.41 and its 200 day moving average price is $55.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, February 28th. Dominion Energy's payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

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

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.