Jupiter Asset Management Ltd. Has $76.89 Million Stake in Dominion Energy, Inc. (NYSE:D)

Jupiter Asset Management Ltd. cut its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427,544 shares of the utilities provider's stock after selling 17,365 shares during the quarter. Dominion Energy makes up 0.7% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 24th largest position. Jupiter Asset Management Ltd. owned about 0.17% of Dominion Energy worth $76,888,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of D. Cape Investment Advisory Inc. raised its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter valued at about $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $32,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

D has been the topic of a number of research analyst reports. Scotiabank increased their price target 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. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $57.18.

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Dominion Energy Stock Performance

D opened at $55.15 on Wednesday. The firm has a market cap of $46.99 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The business's fifty day moving average is $55.13 and its 200-day moving average is $56.39. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. 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 announced its quarterly earnings data 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%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's dividend payout ratio is 98.89%.

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.

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