Y Intercept Hong Kong Ltd purchased a new stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 31,597 shares of the utilities provider's stock, valued at approximately $1,772,000.
A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Dominion Energy during the 4th quarter valued at $473,354,000. Marshall Wace LLP raised its stake in Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares during the period. Zimmer Partners LP bought a new stake in Dominion Energy during the 4th quarter valued at approximately $72,269,000. Finally, Northern Trust Corp grew its holdings in shares of Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after acquiring an additional 1,330,459 shares during the period. Institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Performance
Shares of D stock traded up $0.05 during mid-day trading on Friday, reaching $58.80. 2,908,618 shares of the company's stock traded hands, compared to its average volume of 4,306,502. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97. The firm has a 50 day moving average price of $56.47 and a two-hundred day moving average price of $55.21. The firm has a market capitalization of $50.14 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73.
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 (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company 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 firm posted $0.55 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Morgan Stanley dropped their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average target price of $58.88.
View Our Latest Stock Analysis on D
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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