Russell Investments Group Ltd. Has $49.33 Million Position in Dominion Energy, Inc. (NYSE:D)

Russell Investments Group Ltd. lessened its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 915,839 shares of the utilities provider's stock after selling 74,223 shares during the period. Russell Investments Group Ltd. owned 0.11% of Dominion Energy worth $49,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Howard Capital Management Group LLC bought a new position in Dominion Energy in the 3rd quarter worth $210,000. Royal London Asset Management Ltd. increased its stake in shares of Dominion Energy by 34.7% in the third quarter. Royal London Asset Management Ltd. now owns 208,063 shares of the utilities provider's stock worth $12,024,000 after purchasing an additional 53,570 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $980,000. EP Wealth Advisors LLC boosted its stake in Dominion Energy by 9.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 9,321 shares of the utilities provider's stock valued at $539,000 after purchasing an additional 783 shares during the period. Finally, National Bank of Canada FI grew its holdings in Dominion Energy by 61.0% in the 3rd quarter. National Bank of Canada FI now owns 467,014 shares of the utilities provider's stock valued at $26,988,000 after buying an additional 176,932 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. JPMorgan Chase & Co. restated 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. Morgan Stanley upped their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.00.

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Dominion Energy Trading Up 1.4 %

D stock traded up $0.74 during trading on Friday, hitting $52.67. The company had a trading volume of 5,152,819 shares, compared to its average volume of 4,318,552. The stock has a market cap of $44.89 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. 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 firm has a 50-day moving average price of $54.74 and a 200-day moving average price of $55.81. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97.

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

Dominion Energy Dividend Announcement

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. This represents a $2.67 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's 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.