Siemens Fonds Invest GmbH lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,459 shares of the utilities provider's stock after selling 5,696 shares during the period. Siemens Fonds Invest GmbH's holdings in Dominion Energy were worth $186,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in D. Vanguard Group Inc. grew its stake in shares of 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 period. Massachusetts Financial Services Co. MA grew its stake in shares of Dominion Energy by 4.9% in the fourth 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. raised its holdings in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC lifted its position in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after acquiring an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Dominion Energy by 7.7% in 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.
Dominion Energy Stock Down 1.1%
D traded down $0.61 on Wednesday, reaching $56.08. 5,398,003 shares of the company traded hands, compared to its average volume of 4,542,133. The company has a market cap of $47.82 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week 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 stock's 50 day moving average price is $54.46 and its 200-day moving average price is $54.97.
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 the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. On average, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS 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. Stockholders of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on D. UBS Group upped 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. Morgan Stanley decreased their target price on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target of $58.63.
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About Dominion Energy
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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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