Manhattan West Asset Management LLC Acquires 4,894 Shares of Dominion Energy, Inc. (NYSE:D)

Manhattan West Asset Management LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,725 shares of the utilities provider's stock after acquiring an additional 4,894 shares during the period. Dominion Energy comprises approximately 1.1% of Manhattan West Asset Management LLC's investment portfolio, making the stock its 29th largest holding. Manhattan West Asset Management LLC's holdings in Dominion Energy were worth $3,917,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of D. Cape Investment Advisory Inc. lifted its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after acquiring an additional 260 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Dominion Energy Price Performance

D traded down $0.62 on Wednesday, hitting $53.05. 6,082,316 shares of the stock were exchanged, compared to its average volume of 5,109,990. The firm has a market capitalization of $45.21 billion, a price-to-earnings ratio of 19.65, a PEG 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. Dominion Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $61.97. The business has a 50-day moving average of $54.73 and a two-hundred day moving average of $55.77.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio is presently 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.