Van ECK Associates Corp Buys 21,737 Shares of Dominion Energy, Inc. (NYSE:D)

Van ECK Associates Corp raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,880 shares of the utilities provider's stock after buying an additional 21,737 shares during the quarter. Van ECK Associates Corp's holdings in Dominion Energy were worth $13,674,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of D. BLB&B Advisors LLC grew its stake in Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after acquiring an additional 173 shares in the last quarter. Simon Quick Advisors LLC grew its stake in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock valued at $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after buying an additional 199 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Dominion Energy by 3.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider's stock valued at $342,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on D. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Scotiabank boosted 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, The Goldman Sachs Group restated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.58.

Dominion Energy Stock Performance

Shares of D traded up $0.08 on Wednesday, reaching $55.69. 4,733,653 shares of the stock traded hands, compared to its average volume of 4,601,354. The firm has a market cap of $46.78 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.21 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The stock's 50-day moving average price is $54.43 and its 200-day moving average price is $56.33.

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, beating analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is presently 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.