Landscape Capital Management L.L.C. Makes New $379,000 Investment in Dominion Energy, Inc. (NYSE:D)

Landscape Capital Management L.L.C. bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,042 shares of the utilities provider's stock, valued at approximately $379,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after purchasing an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA grew its position in Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the period. JPMorgan Chase & Co. increased 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 acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after purchasing an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after buying an additional 1,068,996 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

D has been the subject of a number of research analyst reports. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Stock Up 1.4 %

D stock traded up $0.74 during midday trading on Friday, hitting $52.67. The stock had a trading volume of 5,152,819 shares, compared to its average volume of 4,313,731. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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 business has a 50-day moving average of $54.74 and a two-hundred day moving average of $55.80.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.07%. Dominion Energy's dividend payout ratio (DPR) is currently 98.89%.

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.