Arrowstreet Capital Limited Partnership Has $11.57 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Arrowstreet Capital Limited Partnership lowered its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 83.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,848 shares of the utilities provider's stock after selling 1,094,476 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Dominion Energy were worth $11,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the fourth quarter worth about $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy during the fourth quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

D stock traded down $0.43 during trading on Thursday, reaching $51.82. 951,382 shares of the company's stock were exchanged, compared to its average volume of 4,296,043. 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 1-year low of $46.62 and a 1-year high of $61.97. The company's fifty day moving average price is $54.85 and its 200-day moving average price is $55.88. The firm has a market cap of $44.16 billion, a PE ratio of 19.19, a P/E/G ratio of 1.22 and a beta of 0.57.

Remove Ads

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.15%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

D has been the topic of several recent analyst reports. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley increased their target price on 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 upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. 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 research note on Tuesday. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.00.

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.