Dominion Energy, Inc. (NYSE:D) Stock Position Increased by Godsey & Gibb Inc.

Godsey & Gibb Inc. lifted its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,674 shares of the utilities provider's stock after purchasing an additional 12,853 shares during the quarter. Dominion Energy accounts for approximately 2.1% of Godsey & Gibb Inc.'s holdings, making the stock its 23rd biggest position. Godsey & Gibb Inc.'s holdings in Dominion Energy were worth $21,400,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after buying an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 buying an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dominion Energy by 4.5% during 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 acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after purchasing an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE D traded down $0.19 on Friday, reaching $55.81. The stock had a trading volume of 4,402,690 shares, compared to its average volume of 4,551,682. The business's 50-day moving average price is $54.45 and its 200 day moving average price is $54.94. 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 stock has a market cap of $47.59 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business 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%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several research firms have commented on D. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group upped their price target on shares of 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. reissued an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $58.63.

About Dominion Energy

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.