Dominion Energy, Inc. (NYSE:D) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI grew its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 475,639 shares of the utilities provider's stock after buying an additional 8,625 shares during the quarter. National Bank of Canada FI owned 0.06% of Dominion Energy worth $25,438,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Dominion Energy by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock worth $481,728,000 after acquiring an additional 225,339 shares in the last quarter. Hoey Investments Inc. purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $40,000. Alliancebernstein L.P. lifted its stake in shares of Dominion Energy by 11.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,122,952 shares of the utilities provider's stock valued at $60,482,000 after purchasing an additional 113,806 shares during the period. Meeder Asset Management Inc. purchased a new stake in Dominion Energy during the fourth quarter worth about $2,010,000. Finally, O Shaughnessy Asset Management LLC grew its position in Dominion Energy by 5.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 163,612 shares of the utilities provider's stock worth $8,812,000 after buying an additional 8,785 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Down 0.0 %

Shares of NYSE:D traded down $0.02 during midday trading on Tuesday, reaching $50.81. The company had a trading volume of 2,814,070 shares, compared to its average volume of 4,935,556. Dominion Energy, Inc. has a one year low of $46.62 and a one year 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 stock has a market capitalization of $43.30 billion, a P/E ratio of 18.84, a PEG ratio of 1.22 and a beta of 0.57. The stock's fifty day moving average price is $55.21 and its 200-day moving average price is $56.04.

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Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results 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%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company 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. This represents a $2.67 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday. Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $57.00.

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.