Bearing Point Capital LLC Buys Shares of 9,500 Dominion Energy, Inc. (NYSE:D)

Bearing Point Capital LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the utilities provider's stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Norges Bank bought a new position in shares of Dominion Energy during the 4th quarter valued at about $473,354,000. American Century Companies Inc. boosted its stake in Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Marshall Wace LLP grew its position in Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Dominion Energy by 16.7% in the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after acquiring an additional 1,330,459 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.3 %

Dominion Energy stock traded down $0.14 during mid-day trading on Thursday, reaching $55.01. The stock had a trading volume of 4,673,593 shares, compared to its average volume of 4,405,886. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The company has a 50-day moving average price of $53.97 and a two-hundred day moving average price of $55.34. The company has a market capitalization of $46.91 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.22 and a beta of 0.57. 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 (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on D. UBS Group lifted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $58.22.

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.