Lazard Asset Management LLC Has $33.05 Million Position in Dominion Energy, Inc. (NYSE:D)

Lazard Asset Management LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613,543 shares of the utilities provider's stock after acquiring an additional 240,569 shares during the period. Lazard Asset Management LLC owned approximately 0.07% of Dominion Energy worth $33,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Dominion Energy in the fourth quarter valued at $473,354,000. American Century Companies Inc. raised its stake in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Marshall Wace LLP raised its stake in Dominion Energy by 8,585.3% during the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after acquiring an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Dominion Energy by 4.9% during 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 acquiring an additional 1,459,926 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Dominion Energy by 16.7% during the fourth 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 in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D traded up $0.74 on Friday, reaching $55.78. The stock had a trading volume of 4,679,028 shares, compared to its average volume of 4,440,957. 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 firm has a fifty day moving average of $53.90 and a two-hundred day moving average of $55.10. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The company has a market cap of $47.57 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

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. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. Dominion Energy's payout ratio is 100.00%.

Analyst Upgrades and Downgrades

D has been the topic of several recent research reports. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley upped their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has an average rating of "Hold" and an average price target of $58.75.

About Dominion Energy

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.