Two Sigma Advisers LP Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Two Sigma Advisers LP increased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 2,650.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,600 shares of the utilities provider's stock after acquiring an additional 440,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.05% of Dominion Energy worth $24,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased 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 acquiring an additional 378 shares during the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter worth about $26,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Argus raised 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 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $58.75.

Dominion Energy Trading Up 3.1%

NYSE D opened at $57.93 on Wednesday. The firm has a market capitalization of $49.40 billion, a PE ratio of 21.46, a P/E/G ratio of 1.22 and a beta of 0.57. The stock's 50 day moving average is $54.04 and its 200 day moving average is $55.03. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. 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 (NYSE:D - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. Dominion Energy's payout ratio is currently 100.00%.

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.

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