GAMMA Investing LLC Buys 1,256,672 Shares of Dominion Energy, Inc. (NYSE:D)

GAMMA Investing LLC lifted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 6,252.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,276,770 shares of the utilities provider's stock after purchasing an additional 1,256,672 shares during the quarter. GAMMA Investing LLC owned 0.15% of Dominion Energy worth $71,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of D. Norges Bank purchased a new position in shares of Dominion Energy in the 4th quarter worth about $473,354,000. American Century Companies Inc. boosted its holdings in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the period. Marshall Wace LLP boosted its holdings in Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in 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 during the period. Finally, Zimmer Partners LP purchased a new stake in Dominion Energy during the 4th quarter valued at about $72,269,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on D. JPMorgan Chase & Co. restated 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. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley dropped their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and a consensus target price of $58.63.

Dominion Energy Trading Down 1.1%

D traded down $0.61 during midday trading on Wednesday, reaching $56.08. 5,398,003 shares of the company's stock traded hands, compared to its average volume of 4,541,561. The firm has a fifty day moving average of $54.44 and a two-hundred day moving average of $54.96. The stock has a market capitalization of $47.82 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. 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 announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's revenue was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 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.