USS Investment Management Ltd lessened its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 24.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,611 shares of the utilities provider's stock after selling 40,464 shares during the period. USS Investment Management Ltd's holdings in Dominion Energy were worth $6,819,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its holdings 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 valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of 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 purchasing an additional 7,632 shares during the period. Greenwood Capital Associates LLC bought a new position in shares of Dominion Energy during the fourth quarter valued at approximately $1,027,000. Teamwork Financial Advisors LLC purchased a new position in Dominion Energy during the fourth quarter valued at approximately $498,000. Finally, Daymark Wealth Partners LLC lifted its holdings in Dominion Energy by 68.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider's stock worth $1,076,000 after buying an additional 8,109 shares during the period. Institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Up 0.8%
Dominion Energy stock traded up $0.43 during midday trading on Tuesday, reaching $56.72. The company's stock had a trading volume of 1,197,283 shares, compared to its average volume of 4,514,069. 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 has a market capitalization of $48.37 billion, a P/E ratio of 21.00, a PEG ratio of 1.22 and a beta of 0.57. The stock's 50-day simple moving average is $54.16 and its 200-day simple moving average is $54.97. 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 posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for 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 company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior 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 year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.71%. Dominion Energy's payout ratio is currently 100.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley decreased 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 report on Thursday, May 22nd. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $58.63.
Get Our Latest Stock Analysis on Dominion Energy
About Dominion Energy
(
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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