World Investment Advisors Has $1.02 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

World Investment Advisors increased its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 37.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,005 shares of the utilities provider's stock after acquiring an additional 5,217 shares during the quarter. World Investment Advisors' holdings in Dominion Energy were worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cape Investment Advisory Inc. grew its position in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after acquiring an additional 260 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Dominion Energy Stock Performance

NYSE:D traded down $0.73 during mid-day trading on Thursday, hitting $51.52. 1,818,255 shares of the company's stock traded hands, compared to its average volume of 4,299,147. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $54.85 and a two-hundred day moving average of $55.88. The firm has a market capitalization of $43.90 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced 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%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.18%. Dominion Energy's dividend payout ratio 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.