AQR Capital Management LLC Has $15.44 Million Position in Dominion Energy, Inc. (NYSE:D)

AQR Capital Management LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286,586 shares of the utilities provider's stock after selling 112,826 shares during the quarter. AQR Capital Management LLC's holdings in Dominion Energy were worth $15,436,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC lifted its holdings in Dominion Energy by 4.5% in 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 raised its holdings in Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after acquiring an additional 189 shares during the period. Choate Investment Advisors lifted its position in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after acquiring an additional 198 shares during the last quarter. Covestor Ltd boosted its holdings in Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 217 shares during the period. Finally, Meridian Financial Partners LLC grew its position in shares of Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock valued at $752,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. 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. Morgan Stanley upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and an average price target of $58.22.

Dominion Energy Price Performance

D traded up $0.10 on Friday, hitting $55.10. 3,311,959 shares of the stock were exchanged, compared to its average volume of 4,401,530. 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 $47.99 and a 12 month high of $61.97. The firm has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. The business has a 50-day moving average of $53.93 and a two-hundred day moving average of $55.30.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the business posted $0.55 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.85%. Dominion Energy's dividend payout ratio (DPR) is currently 100.00%.

About Dominion Energy

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.