Woodline Partners LP Invests $2.72 Million in Dominion Energy, Inc. (NYSE:D)

Woodline Partners LP acquired a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,446 shares of the utilities provider's stock, valued at approximately $2,717,000.

A number of other hedge funds have also recently added to or reduced their stakes in D. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank lifted its stake in Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after purchasing an additional 189 shares in the last quarter. Choate Investment Advisors lifted its stake in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after purchasing an additional 198 shares in the last quarter. Eagle Strategies LLC lifted its stake in Dominion Energy by 6.0% in the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock worth $202,000 after purchasing an additional 212 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Dominion Energy by 16.9% in the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after purchasing an additional 217 shares in the last quarter. 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 lowered their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $58.63.

Dominion Energy Stock Performance

NYSE D traded up $0.26 during trading hours on Friday, hitting $56.28. 1,134,049 shares of the company's stock traded hands, compared to its average volume of 4,523,723. The business's fifty day moving average price is $54.26 and its two-hundred day moving average price is $54.98. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.99 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.22 and a beta of 0.57. 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 results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

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.