Ensign Peak Advisors Inc increased its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,184,515 shares of the utilities provider's stock after purchasing an additional 104,177 shares during the quarter. Ensign Peak Advisors Inc owned 0.14% of Dominion Energy worth $63,798,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its position in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Up 0.0%
D stock traded up $0.02 during midday trading on Wednesday, hitting $53.83. The company's stock had a trading volume of 7,962,647 shares, compared to its average volume of 4,422,317. The firm has a 50-day simple moving average of $53.96 and a 200-day simple moving average of $55.15. The firm has a market capitalization of $45.91 billion, a P/E ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion during 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%. Dominion Energy's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. Dominion Energy's payout ratio is 100.00%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on D. Morgan Stanley upped their target price on 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 boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $58.75.
Check Out Our Latest Research Report on Dominion Energy
Dominion Energy Company Profile
(
Free Report)
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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