Cary Street Partners Financial LLC Invests $9.40 Million in Dominion Energy, Inc. (NYSE:D)

Cary Street Partners Financial LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 174,604 shares of the utilities provider's stock, valued at approximately $9,404,000.

A number of other hedge funds have also recently bought and sold shares of D. Vanguard Group Inc. raised its stake in 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 buying an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after purchasing an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dominion Energy by 7.7% during the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Up 0.3 %

Shares of NYSE:D opened at $55.00 on Monday. The company has a 50 day moving average of $54.08 and a 200-day moving average of $55.38. 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 market cap of $46.87 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97.

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley upped 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. UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $58.22.

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.

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