Man Group plc Has $12.56 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Man Group plc lifted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,213 shares of the utilities provider's stock after buying an additional 83,769 shares during the period. Man Group plc's holdings in Dominion Energy were worth $12,561,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 worth $4,821,222,000 after buying an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of 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 worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 worth $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dominion Energy by 3.4% in the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after acquiring an additional 1,068,996 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. restated 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. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.75.

Dominion Energy Price Performance

D stock traded down $1.46 during trading on Wednesday, reaching $56.54. 7,409,675 shares of the company were exchanged, compared to its average volume of 4,498,161. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $48.21 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a 50-day moving average of $54.04 and a two-hundred day moving average of $55.03.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating 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 company 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 earned $0.55 EPS. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy's dividend payout ratio is presently 100.00%.

Dominion Energy Company 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.