Federated Hermes Inc. Increases Stake in Dominion Energy, Inc. (NYSE:D)

Federated Hermes Inc. boosted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,612,107 shares of the utilities provider's stock after purchasing an additional 75,600 shares during the period. Dominion Energy comprises approximately 0.9% of Federated Hermes Inc.'s portfolio, making the stock its 17th biggest holding. Federated Hermes Inc. owned 0.91% of Dominion Energy worth $357,769,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Diamond Hill Capital Management Inc. lifted its position in shares of Dominion Energy by 5.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider's stock worth $178,176,000 after acquiring an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider's stock worth $18,451,000 after acquiring an additional 259,978 shares in the last quarter. Morgan Stanley lifted its position in shares of Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider's stock worth $316,395,000 after acquiring an additional 803,341 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider's stock worth $7,798,000 after acquiring an additional 157,175 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Dominion Energy by 97.3% during the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider's stock worth $674,000 after acquiring an additional 7,071 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now owns 176,240 shares of the company's stock, valued at $8,091,178.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares of the company's stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded Dominion Energy from a "hold" rating to a "sell" rating in a research report on Friday, February 23rd. BMO Capital Markets downgraded Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Guggenheim lowered their price objective 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 lowered their price objective on Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. Finally, Barclays lowered their price objective on Dominion Energy from $50.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $50.10.

Dominion Energy Trading Up 0.5 %

Shares of Dominion Energy stock traded up $0.23 during trading on Thursday, reaching $48.55. 2,822,694 shares of the stock were exchanged, compared to its average volume of 5,427,288. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The stock's fifty day moving average is $47.50 and its 200 day moving average is $46.01. The firm has a market cap of $40.66 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.90.

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 analysts' consensus estimates of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a yield of 5.50%. Dominion Energy's dividend payout ratio (DPR) is presently 114.59%.

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.