Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Dominion Energy Inc. (NYSE:D)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 176,247 shares of the utilities provider's stock after acquiring an additional 7,367 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dominion Energy were worth $9,882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $68,000. Alliancebernstein L.P. increased its holdings in Dominion Energy by 11.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,122,952 shares of the utilities provider's stock worth $60,482,000 after acquiring an additional 113,806 shares during the period. National Bank of Canada FI boosted its holdings in Dominion Energy by 1.8% in the 4th quarter. National Bank of Canada FI now owns 475,639 shares of the utilities provider's stock valued at $25,438,000 after purchasing an additional 8,625 shares during the period. Finally, StoneX Group Inc. purchased a new position in shares of Dominion Energy during the 4th quarter valued at $905,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.88.

Dominion Energy Trading Up 3.3%

Shares of D traded up $1.93 during trading hours on Friday, reaching $60.38. 7,651,932 shares of the company traded hands, compared to its average volume of 3,969,101. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The company's fifty day moving average price is $56.61 and its two-hundred day moving average price is $55.33. The company has a market capitalization of $51.49 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is 100.00%.

Dominion Energy 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.