PFG Investments LLC boosted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 229.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,024 shares of the utilities provider's stock after buying an additional 29,267 shares during the quarter. PFG Investments LLC's holdings in Dominion Energy were worth $2,356,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of D. Norges Bank acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $473,354,000. American Century Companies Inc. boosted its position in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Marshall Wace LLP grew its stake in Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after purchasing an additional 2,184,873 shares in the last quarter. 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. Finally, Zimmer Partners LP bought a new stake in shares of Dominion Energy during the 4th quarter worth approximately $72,269,000. Institutional investors own 73.04% of the company's stock.
Dominion Energy Price Performance
Shares of D opened at $54.20 on Friday. The firm has a market capitalization of $46.22 billion, a PE ratio of 20.30, a PEG ratio of 1.18 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The company's 50-day moving average is $54.94 and its 200-day moving average is $54.69. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results 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 net margin of 15.55% and a return on equity of 9.51%. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the prior year, the firm earned $0.55 EPS. The business's revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio is 100.00%.
Analysts Set New Price Targets
Several research firms recently weighed in on D. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley decreased their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday. 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 note on Tuesday, April 8th. Finally, UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. 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 stock. Based on data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus price target of $58.38.
Check Out Our Latest Analysis on D
Dominion Energy Profile
(
Free Report)
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.
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