12,336 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Sciencast Management LP

Sciencast Management LP bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,336 shares of the utilities provider's stock, valued at approximately $664,000.

Several other hedge funds also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock valued at $130,074,000 after buying an additional 2,229,220 shares during the period. State Street Corp increased its holdings in shares of Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dominion Energy in the fourth quarter valued at $71,409,000. Finally, JPMorgan Chase & Co. grew its position in Dominion Energy by 4.5% during 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 acquiring an additional 1,222,688 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.59 during mid-day trading on Thursday, reaching $54.45. The company's stock had a trading volume of 5,189,856 shares, compared to its average volume of 4,041,749. The business has a 50 day moving average price of $55.19 and a 200-day moving average price of $56.22. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $46.62 and a twelve month high of $61.97. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.22 and a beta of 0.59.

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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, 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%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on D shares. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday. Finally, Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.58.

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.