UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 824,814 Shares of Dominion Energy, Inc. (NYSE:D)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,706,225 shares of the utilities provider's stock after buying an additional 824,814 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.56% of Dominion Energy worth $253,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its position in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after buying an additional 404,868 shares in the last quarter. Pacer Advisors Inc. increased its stake in Dominion Energy by 12.2% in the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock worth $3,782,000 after acquiring an additional 7,632 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $1,027,000. Teamwork Financial Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $498,000. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Dominion Energy by 68.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider's stock valued at $1,076,000 after purchasing an additional 8,109 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and an average target price of $58.75.

Dominion Energy Price Performance

D opened at $56.54 on Thursday. The business has a fifty day moving average of $54.08 and a 200 day moving average of $55.04. The stock has a market cap of $48.21 billion, a P/E ratio of 20.94, a PEG ratio of 1.22 and a beta of 0.57. 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 52-week low of $47.99 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 8.99% and a net margin of 16.22%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid 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 4.72%. Dominion Energy's dividend payout ratio is currently 100.00%.

About Dominion Energy

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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