67,452 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,452 shares of the utilities provider's stock, valued at approximately $3,633,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in D. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after buying an additional 3,278,175 shares during the period. Point72 Asset Management L.P. boosted its holdings in Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp grew its position in Dominion Energy by 3.2% in 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 acquiring an additional 1,365,555 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Dominion Energy in the fourth quarter worth $71,409,000. Finally, JPMorgan Chase & Co. lifted 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 purchasing an additional 1,222,688 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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Dominion Energy Stock Down 0.9 %

Shares of NYSE D traded down $0.47 during mid-day trading on Friday, reaching $54.51. 7,961,348 shares of the company were exchanged, compared to its average volume of 4,056,184. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The firm has a 50-day moving average of $55.19 and a 200 day moving average of $56.30. The stock has a market cap of $46.44 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.22 and a beta of 0.58. 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 (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and an average target price of $57.58.

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.