Rossby Financial LCC Acquires Shares of 19,297 Dominion Energy, Inc. (NYSE:D)

Rossby Financial LCC bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,297 shares of the utilities provider's stock, valued at approximately $1,039,000.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on D shares. Morgan Stanley boosted 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. restated an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Trading Up 0.0 %

Shares of Dominion Energy stock traded up $0.01 during trading on Friday, reaching $53.07. 8,734,005 shares of the stock were exchanged, compared to its average volume of 4,345,187. The firm has a market cap 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. The stock's fifty day moving average is $54.65 and its 200 day moving average is $55.71. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

Dominion Energy Company 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.