Canal Capital Management LLC Has $4.08 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Canal Capital Management LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 520.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,676 shares of the utilities provider's stock after acquiring an additional 63,475 shares during the period. Canal Capital Management LLC's holdings in Dominion Energy were worth $4,076,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of D. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Dominion Energy by 4.9% in the 4th 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 during the period. JPMorgan Chase & Co. boosted its holdings in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after purchasing an additional 1,068,996 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on D. 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 research note on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group increased 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. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus price target of $57.00.

Dominion Energy Stock Down 0.8 %

NYSE D traded down $0.41 during trading on Friday, reaching $52.94. The company's stock had a trading volume of 5,352,231 shares, compared to its average volume of 4,358,975. 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, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The business has a 50-day moving average price of $54.32 and a 200-day moving average price of $55.52. The stock has a market capitalization of $45.12 billion, a PE ratio of 19.61, a PEG ratio of 1.22 and a beta of 0.57.

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

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.