Swiss National Bank cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,370,020 shares of the utilities provider's stock after selling 118,000 shares during the quarter. Swiss National Bank owned about 0.28% of Dominion Energy worth $127,649,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its stake in shares of 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 during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at $27,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the third quarter worth $32,000. Institutional investors and hedge funds own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
D has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus target price of $57.18.
Read Our Latest Research Report on D
Dominion Energy Trading Up 0.1 %
Shares of D traded up $0.06 during midday trading on Tuesday, reaching $54.77. The company 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 quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $56.34. The stock has a market cap of $46.66 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.88%. Dominion Energy's payout ratio is 98.89%.
About Dominion Energy
(
Free Report)
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.
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