Dominion Energy, Inc. (NYSE:D) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,477,121 shares of the utilities provider's stock after purchasing an additional 601,900 shares during the quarter. Geode Capital Management LLC owned 2.20% of Dominion Energy worth $997,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Dominion Energy in the fourth quarter valued at approximately $473,354,000. American Century Companies Inc. raised its position in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock worth $130,074,000 after acquiring an additional 2,229,220 shares in the last quarter. State Street Corp increased its stake in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $71,409,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank lifted 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. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley raised 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. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Thirteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $57.58.

Dominion Energy Stock Down 4.2 %

Shares of D stock traded down $2.22 during mid-day trading on Monday, hitting $50.51. The stock had a trading volume of 3,329,777 shares, compared to its average volume of 4,242,033. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-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 firm has a market capitalization of $43.05 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm's 50-day moving average is $55.31 and its two-hundred day moving average is $56.09.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.29%. Dominion Energy's payout ratio is 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.