BTC Capital Management Inc. Buys 4,572 Shares of Dominion Energy, Inc. (NYSE:D)

BTC Capital Management Inc. raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,243 shares of the utilities provider's stock after acquiring an additional 4,572 shares during the quarter. BTC Capital Management Inc.'s holdings in Dominion Energy were worth $2,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 1,222,688 shares in the last quarter. Brighton Jones LLC increased its stake in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the last quarter. Pacer Advisors Inc. increased its stake in Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after purchasing an additional 7,632 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Dominion Energy by 3.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 11,763 shares of the utilities provider's stock valued at $634,000 after purchasing an additional 365 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Dominion Energy by 59.2% in the fourth quarter. Perigon Wealth Management LLC now owns 6,176 shares of the utilities provider's stock valued at $340,000 after purchasing an additional 2,296 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on D shares. UBS Group upped their price objective 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. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $58.63.

Dominion Energy Trading Up 0.1%

Shares of NYSE:D traded up $0.08 during trading on Monday, hitting $56.75. 4,643,828 shares of the company's stock were exchanged, compared to its average volume of 4,539,052. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The firm has a 50-day moving average price of $54.33 and a two-hundred day moving average price of $54.96. 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 $48.40 billion, a P/E ratio of 21.02, a PEG ratio of 1.22 and a beta of 0.57.

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, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the company posted $0.55 earnings per share. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced 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 of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.70%. Dominion Energy's dividend payout ratio is presently 100.00%.

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.