Vanguard Group Inc. increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,513,956 shares of the utilities provider's stock after acquiring an additional 674,859 shares during the quarter. Vanguard Group Inc. owned approximately 10.66% of Dominion Energy worth $4,821,222,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of D. Blueprint Investment Partners LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth about $328,000. Optimum Investment Advisors increased its holdings in Dominion Energy by 557.2% in the fourth quarter. Optimum Investment Advisors now owns 3,700 shares of the utilities provider's stock valued at $199,000 after buying an additional 3,137 shares during the last quarter. 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 valued at $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Dominion Energy by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 79,614 shares of the utilities provider's stock worth $4,288,000 after buying an additional 25,213 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $752,000. Hedge funds and other institutional investors own 73.04% of the company's stock.
Analysts Set New Price Targets
D has been the topic of several research analyst reports. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company 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 stock an "equal weight" rating in a report on Thursday, March 20th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $57.58.
Read Our Latest Stock Analysis on Dominion Energy
Dominion Energy Stock Performance
Dominion Energy stock traded up $0.51 during mid-day trading on Friday, hitting $54.98. 3,830,061 shares of the company's stock traded hands, compared to its average volume of 4,209,213. 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 one year low of $46.62 and a one year high of $61.97. The firm has a 50 day moving average price of $55.17 and a 200 day moving average price of $56.19. The company has a market cap of $46.85 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.
Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.
Dominion Energy Profile
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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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