Dimensional Fund Advisors LP Boosts Stock Position in Dominion Energy, Inc. (NYSE:D)

Dimensional Fund Advisors LP grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190,137 shares of the utilities provider's stock after purchasing an additional 45,144 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of Dominion Energy worth $117,962,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in D. Simon Quick Advisors LLC boosted its stake in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares during the period. Cadence Bank increased its holdings in shares of 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 increased its stake in shares of Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after purchasing an additional 198 shares during the period. Passumpsic Savings Bank raised its holdings in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after buying an additional 199 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after buying an additional 217 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of research analyst reports. UBS Group upped their target price on 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. reaffirmed an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Stock Down 0.2 %

Dominion Energy stock traded down $0.12 during mid-day trading on Friday, reaching $54.71. The stock had a trading volume of 2,141,571 shares, compared to its average volume of 4,371,607. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The stock's 50-day simple moving average is $54.13 and its 200-day simple moving average is $55.46. The firm has a market capitalization of $46.62 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share 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 analysts' expectations of $3.95 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy 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.