Maple Brown Abbott Ltd Has $62.80 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Maple Brown Abbott Ltd raised its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 13.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,336,060 shares of the utilities provider's stock after buying an additional 160,410 shares during the quarter. Dominion Energy makes up about 6.5% of Maple Brown Abbott Ltd's investment portfolio, making the stock its 10th largest holding. Maple Brown Abbott Ltd owned about 0.16% of Dominion Energy worth $62,795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacific Center for Financial Services acquired a new stake in Dominion Energy in the 1st quarter valued at approximately $28,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at $30,000. FSC Wealth Advisors LLC raised its stake in shares of Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 410 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider's stock worth $32,000 after purchasing an additional 310 shares during the period. Finally, Covestor Ltd grew its position in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock valued at $34,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 3.1 %

Shares of D stock traded up $1.47 on Wednesday, hitting $48.33. The company's stock had a trading volume of 3,124,338 shares, compared to its average volume of 5,462,479. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.88 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.64. The firm's fifty day moving average price is $47.34 and its 200-day moving average price is $45.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, February 29th. Dominion Energy's dividend payout ratio is currently 114.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on D shares. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Mizuho cut their price target on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 6th. Barclays reduced their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, March 7th. Finally, StockNews.com lowered shares of Dominion Energy from a "hold" rating to a "sell" rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and an average target price of $50.10.

Insider Transactions at Dominion Energy

In related news, CEO Robert M. Blue bought 21,735 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The stock was bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares of the company's stock, valued at $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company's stock.

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.