Payden & Rygel Invests $10.73 Million in Dominion Energy, Inc. (NYSE:D)

Payden & Rygel acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 199,300 shares of the utilities provider's stock, valued at approximately $10,734,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC purchased a new stake in shares of Dominion Energy in the third quarter valued at about $210,000. Benjamin Edwards Inc. lifted its position in shares of Dominion Energy by 4,587.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 15,468 shares of the utilities provider's stock worth $894,000 after buying an additional 15,138 shares in the last quarter. Holocene Advisors LP boosted its stake in shares of Dominion Energy by 264.6% in the 3rd quarter. Holocene Advisors LP now owns 59,497 shares of the utilities provider's stock worth $3,438,000 after buying an additional 43,177 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Dominion Energy by 34.7% in the third quarter. HighTower Advisors LLC now owns 394,423 shares of the utilities provider's stock valued at $22,799,000 after acquiring an additional 101,665 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of Dominion Energy by 34.7% during the third quarter. Royal London Asset Management Ltd. now owns 208,063 shares of the utilities provider's stock valued at $12,024,000 after acquiring an additional 53,570 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

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Wall Street Analyst Weigh In

D has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday. Scotiabank boosted their target price on shares of 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 raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Price Performance

NYSE:D traded down $0.24 during trading hours on Thursday, hitting $52.01. 2,710,033 shares of the company's stock traded hands, compared to its average volume of 4,302,710. The firm has a market cap of $44.33 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business's fifty day simple moving average is $54.85 and its two-hundred day simple moving average is $55.88. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. 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 5.13%. 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.