Renaissance Technologies LLC Purchases New Holdings in Dominion Energy, Inc. (NYSE:D)

Renaissance Technologies LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 299,283 shares of the utilities provider's stock, valued at approximately $16,119,000.

Several other hedge funds have also recently added to or reduced their stakes in D. Norges Bank bought a new position in Dominion Energy during the fourth quarter worth about $473,354,000. American Century Companies Inc. increased its stake in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after purchasing an additional 2,540,713 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares during the period. Raymond James Financial Inc. bought a new position in Dominion Energy in the fourth quarter valued at approximately $71,409,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Price Performance

D traded up $0.01 on Friday, reaching $53.07. The stock had a trading volume of 8,734,005 shares, compared to its average volume of 4,351,277. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $45.22 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The firm has a 50-day moving average of $54.60 and a 200-day moving average of $55.68.

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 for the quarter, topping 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%. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued 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 5.03%. Dominion Energy's payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

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

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.