Dominion Energy Inc. (NYSE:D) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 67.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,086,948 shares of the utilities provider's stock after acquiring an additional 841,982 shares during the period. Jennison Associates LLC owned 0.24% of Dominion Energy worth $117,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares during the period. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new position in Dominion Energy in the 4th quarter valued at approximately $27,000. Navigoe LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $29,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dominion Energy in the fourth quarter worth $37,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley lowered their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Trading Down 0.2%

Shares of D stock traded down $0.11 during mid-day trading on Monday, hitting $57.98. 1,917,480 shares of the company's stock were exchanged, compared to its average volume of 4,794,939. The stock has a market cap of $49.45 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.26 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The stock has a 50-day simple moving average of $56.09 and a two-hundred day simple moving average of $55.07.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the company posted $0.55 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

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.