Two Sigma Investments LP Purchases 619,335 Shares of Dominion Energy, Inc. (NYSE:D)

Two Sigma Investments LP increased its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1,090.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,155 shares of the utilities provider's stock after acquiring an additional 619,335 shares during the period. Two Sigma Investments LP owned about 0.08% of Dominion Energy worth $36,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in D. Norges Bank bought a new position in Dominion Energy in the 4th quarter valued at approximately $473,354,000. American Century Companies Inc. lifted its stake in Dominion Energy by 207.7% in the 4th 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 lifted its stake in Dominion Energy by 8,585.3% in the 4th 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Dominion Energy by 4.9% in the 4th 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 purchasing an additional 1,459,926 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Dominion Energy by 16.7% in the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock valued at $501,759,000 after purchasing an additional 1,330,459 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on D shares. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group raised their price target 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. Finally, Morgan Stanley dropped their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $58.63.

Dominion Energy Stock Up 1.2%

Shares of NYSE D traded up $0.66 during mid-day trading on Friday, reaching $56.32. 5,958,163 shares of the company's stock traded hands, compared to its average volume of 4,517,497. The stock has a market cap of $48.03 billion, a P/E ratio of 20.86, a PEG ratio of 1.22 and a beta of 0.57. The business has a 50-day simple moving average of $54.13 and a 200 day simple moving average of $55.01. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year 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.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations 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 was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm 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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend 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.