ProShare Advisors LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

ProShare Advisors LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,294 shares of the utilities provider's stock after acquiring an additional 15,831 shares during the quarter. ProShare Advisors LLC's holdings in Dominion Energy were worth $6,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in D. Quantinno Capital Management LP grew its position in shares of Dominion Energy by 35.9% in the 4th quarter. Quantinno Capital Management LP now owns 160,392 shares of the utilities provider's stock worth $8,639,000 after buying an additional 42,366 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in Dominion Energy in the fourth quarter worth $668,000. Man Group plc increased its position in shares of Dominion Energy by 56.1% during the fourth quarter. Man Group plc now owns 233,213 shares of the utilities provider's stock worth $12,561,000 after purchasing an additional 83,769 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Dominion Energy by 0.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 102,437 shares of the utilities provider's stock worth $5,524,000 after purchasing an additional 614 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in shares of Dominion Energy by 121.4% during the 4th quarter. Nomura Holdings Inc. now owns 27,676 shares of the utilities provider's stock valued at $1,491,000 after purchasing an additional 15,176 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D traded down $0.84 during trading on Thursday, hitting $55.70. The stock had a trading volume of 5,416,025 shares, compared to its average volume of 4,506,241. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The stock has a market capitalization of $47.50 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The stock has a 50-day simple moving average of $54.08 and a two-hundred day simple moving average of $55.04.

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 analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Dominion Energy's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. On average, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed 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 4.79%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on D. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley cut their price objective 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. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $58.63.

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.