Zurcher Kantonalbank Zurich Cantonalbank Has $9.88 Million Stock Holdings in Dominion Energy Inc. (NYSE:D)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,247 shares of the utilities provider's stock after acquiring an additional 7,367 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dominion Energy were worth $9,882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in D. Marshall Wace LLP raised its position in shares of 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 valued at $119,048,000 after purchasing an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the period. Zimmer Partners LP bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $72,269,000. Northern Trust Corp raised its position in shares of Dominion Energy by 16.7% in the fourth quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock valued at $501,759,000 after purchasing an additional 1,330,459 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Dominion Energy by 6,252.7% in the first quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider's stock valued at $71,588,000 after purchasing an additional 1,256,672 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D stock traded up $1.93 on Friday, reaching $60.38. 7,651,932 shares of the company were exchanged, 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 stock's fifty day moving average price is $56.69 and its 200 day moving average price is $55.39. The firm has a market capitalization of $51.49 billion, a PE ratio of 20.82, a PEG ratio of 1.31 and a beta of 0.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS 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. Shareholders of record on Friday, September 5th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on D shares. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.88.

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.