Sepio Capital LP Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Sepio Capital LP grew its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 24.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,768 shares of the utilities provider's stock after purchasing an additional 9,302 shares during the quarter. Sepio Capital LP's holdings in Dominion Energy were worth $2,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new stake in Dominion Energy in the 3rd quarter valued at $210,000. Benjamin Edwards Inc. boosted its stake in shares of Dominion Energy by 4,587.3% during the third 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 during the period. Royal London Asset Management Ltd. grew its holdings 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 worth $12,024,000 after buying an additional 53,570 shares during the last quarter. Quantinno Capital Management LP increased its position in Dominion Energy by 18.8% in the 3rd quarter. Quantinno Capital Management LP now owns 118,026 shares of the utilities provider's stock valued at $6,821,000 after acquiring an additional 18,636 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Dominion Energy during the 3rd quarter valued at approximately $980,000. Institutional investors and hedge funds own 73.04% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. One equities 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Price Performance

Shares of D traded up $0.42 during mid-day trading on Friday, reaching $52.35. 1,589,123 shares of the company's stock were exchanged, compared to its average volume of 4,302,567. 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, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The company has a market cap of $44.62 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.22 and a beta of 0.57. The company has a 50-day simple moving average of $54.77 and a two-hundred day simple moving average of $55.84.

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, 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, 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 issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.10%. Dominion Energy's dividend payout ratio (DPR) 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.