Meketa Capital LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Meketa Capital LLC acquired a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,009 shares of the utilities provider's stock, valued at approximately $916,000. Dominion Energy makes up approximately 2.1% of Meketa Capital LLC's investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of D. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Dominion Energy by 11.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 397,492 shares of the utilities provider's stock valued at $21,409,000 after buying an additional 39,787 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Dominion Energy by 64.5% in the 4th quarter. Lazard Asset Management LLC now owns 613,543 shares of the utilities provider's stock valued at $33,045,000 after acquiring an additional 240,569 shares during the last quarter. London Co. of Virginia lifted its stake in Dominion Energy by 19.4% in the 4th quarter. London Co. of Virginia now owns 3,689,154 shares of the utilities provider's stock worth $198,698,000 after purchasing an additional 599,275 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of Dominion Energy by 10.9% during the 4th quarter. LRI Investments LLC now owns 7,887 shares of the utilities provider's stock valued at $425,000 after purchasing an additional 774 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its position in shares of Dominion Energy by 434.5% during the fourth quarter. Investment Management Corp of Ontario now owns 148,816 shares of the utilities provider's stock valued at $8,015,000 after purchasing an additional 120,975 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. Morgan Stanley increased their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated 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. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.75.

Dominion Energy Trading Up 1.3%

Shares of D traded up $0.74 during midday trading on Friday, hitting $55.78. The stock had a trading volume of 4,679,028 shares, compared to its average volume of 4,440,957. The stock's 50 day moving average is $53.90 and its 200 day moving average is $55.10. The firm has a market cap of $47.57 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97.

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 for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 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.