Vectors Research Management LLC Boosts Stock Position in Dominion Energy, Inc. (NYSE:D)

Vectors Research Management LLC increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,369 shares of the utilities provider's stock after acquiring an additional 6,516 shares during the quarter. Vectors Research Management LLC's holdings in Dominion Energy were worth $2,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Simon Quick Advisors LLC lifted its stake in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Cadence Bank lifted its position in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares during the last quarter. Choate Investment Advisors boosted its holdings in shares of Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after buying an additional 198 shares in the last quarter. Passumpsic Savings Bank grew its position in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after buying an additional 199 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after acquiring an additional 217 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

D traded down $0.41 during midday trading on Friday, hitting $52.94. 5,352,231 shares of the company were exchanged, compared to its average volume of 5,123,597. The company's 50 day simple moving average is $54.37 and its 200 day simple moving average is $55.54. The firm has a market capitalization of $45.12 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. 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 (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on D. Morgan Stanley lifted their price target 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. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.00.

Dominion Energy 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.