114,162 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired 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 acquired 114,162 shares of the utilities provider's stock, valued at approximately $6,149,000.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of Dominion Energy by 43.9% in the 4th quarter. Mutual Advisors LLC now owns 10,923 shares of the utilities provider's stock valued at $601,000 after buying an additional 3,330 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on D. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley cut their target price on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has an average rating of "Hold" and a consensus price target of $58.63.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.55 during trading hours on Friday, reaching $56.57. 1,478,125 shares of the stock were exchanged, compared to its average volume of 4,525,504. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The stock has a market cap of $48.24 billion, a P/E ratio of 20.94, 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 quick ratio of 0.58 and a current ratio of 0.74. The firm's 50 day moving average is $54.26 and its 200 day moving average is $54.98.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly 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 net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.72%. 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.