Generali Investments Management Co LLC Acquires New Position in Dominion Energy, Inc. (NYSE:D)

Generali Investments Management Co LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,778 shares of the utilities provider's stock, valued at approximately $2,412,000.

A number of other institutional investors have also modified their holdings of D. Hotchkis & Wiley Capital Management LLC raised its position in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Point72 Asset Management L.P. increased its stake 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 purchasing an additional 2,229,220 shares in the last quarter. State Street Corp increased its position in shares of 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 period. Raymond James Financial Inc. purchased a new stake in Dominion Energy during the 4th quarter valued at about $71,409,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% in 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 institutional investors.

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Dominion Energy Price Performance

Shares of D traded down $0.47 during mid-day trading on Friday, hitting $54.51. 7,961,348 shares of the company were exchanged, compared to its average volume of 4,056,184. The stock has a market cap of $46.44 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. The company has a 50 day moving average of $55.19 and a 200-day moving average of $56.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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 for the quarter, beating 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%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal 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. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.90%. Dominion Energy's dividend payout ratio is presently 98.89%.

Analysts Set New Price Targets

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

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.