Dominion Energy, Inc. (NYSE:D) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,280 shares of the utilities provider’s stock after buying an additional 417 shares during the quarter. Dominion Energy accounts for 1.6% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Gilman Hill Asset Management LLC’s holdings in Dominion Energy were worth $9,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in D. State Street Corp raised its holdings in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after buying an additional 367,193 shares during the period. Franklin Resources Inc. boosted its stake in shares of Dominion Energy by 4.8% in the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after buying an additional 398,012 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $55.34 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The business has a fifty day moving average of $55.49 and a 200-day moving average of $55.76. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.82%. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on D shares. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.58.

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.