Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Dominion Energy, Inc. (NYSE:D)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 301,032 shares of the utilities provider's stock, valued at approximately $16,214,000.

A number of other hedge funds also recently modified their holdings of D. Norges Bank acquired a new position in Dominion Energy in the 4th quarter worth about $473,354,000. American Century Companies Inc. increased its position 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 worth $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Marshall Wace LLP increased its position 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 worth $119,048,000 after purchasing an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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 worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. Finally, Zimmer Partners LP acquired a new position in Dominion Energy in the 4th quarter worth about $72,269,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

NYSE:D traded up $0.58 during mid-day trading on Friday, hitting $56.60. 9,415,713 shares of the company's stock traded hands, compared to its average volume of 4,538,916. The firm has a 50 day moving average of $54.33 and a two-hundred day moving average of $54.98. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The firm has a market capitalization of $48.27 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 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 the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy's dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

Several brokerages have weighed in on D. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $58.63.

Dominion Energy Company 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.