NewEdge Advisors LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

NewEdge Advisors LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,992 shares of the utilities provider's stock after purchasing an additional 13,877 shares during the quarter. NewEdge Advisors LLC's holdings in Dominion Energy were worth $3,824,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Barclays PLC lifted its position in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares during the period. Czech National Bank lifted its holdings in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock valued at $9,810,000 after buying an additional 11,231 shares during the period. HB Wealth Management LLC boosted its stake in shares of Dominion Energy by 15.6% in the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock worth $1,939,000 after buying an additional 4,861 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock worth $3,782,000 after acquiring an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in Dominion Energy in the fourth quarter valued at about $1,027,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.8 %

Shares of NYSE D traded down $0.41 during trading hours on Friday, reaching $52.94. The stock had a trading volume of 5,352,231 shares, compared to its average volume of 4,358,975. The business's fifty day moving average price is $54.32 and its two-hundred day moving average price is $55.52. The firm has a market cap of $45.12 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group lifted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $57.00.

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.