Quantinno Capital Management LP Has $8.64 Million Position in Dominion Energy, Inc. (NYSE:D)

Quantinno Capital Management LP lifted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,392 shares of the utilities provider's stock after acquiring an additional 42,366 shares during the period. Quantinno Capital Management LP's holdings in Dominion Energy were worth $8,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Dominion Energy in the 4th quarter valued at $473,354,000. American Century Companies Inc. raised its position in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after buying an additional 2,540,713 shares during the period. Marshall Wace LLP boosted its holdings in Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Dominion Energy by 16.7% in the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after purchasing an additional 1,330,459 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 1.5%

Shares of D traded down $0.86 during mid-day trading on Wednesday, reaching $57.14. The company's stock had a trading volume of 2,165,511 shares, compared to its average volume of 4,478,336. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market cap of $48.73 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The business has a fifty day moving average of $54.04 and a 200 day moving average of $55.03.

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, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. Dominion Energy's dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

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

Dominion Energy Company 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.