PGGM Investments Takes Position in Dominion Energy, Inc. (NYSE:D)

PGGM Investments purchased a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,470 shares of the utilities provider's stock, valued at approximately $2,126,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the fourth quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC bought a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on D shares. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price objective for the company. Scotiabank lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of "Hold" and an average target price of $57.18.

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Dominion Energy Trading Up 0.1 %

NYSE:D traded up $0.06 on Tuesday, reaching $54.77. The company's stock had a trading volume of 4,937,041 shares, compared to its average volume of 4,082,381. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year 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. The firm has a market cap of $46.66 billion, a PE ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.59. The business's 50-day moving average price is $55.14 and its two-hundred day moving average price is $56.34.

Dominion Energy (NYSE:D - Get Free Report) last posted 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 return on equity of 8.99% and a net margin of 16.22%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. Dominion Energy's dividend payout ratio (DPR) is 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.