Vanguard Group Inc. Raises Stake in Dominion Energy, Inc. (NYSE:D)

Vanguard Group Inc. increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,513,956 shares of the utilities provider’s stock after buying an additional 674,859 shares during the period. Vanguard Group Inc. owned about 0.11% of Dominion Energy worth $4,821,222,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Fairway Wealth LLC purchased a new stake in Dominion Energy during the fourth quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $54.29 on Tuesday. The stock has a market cap of $46.26 billion, a P/E ratio of 20.11, a PEG ratio of 1.22 and a beta of 0.59. 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 business’s 50-day moving average price is $55.21 and its two-hundred day moving average price is $56.27. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analysts Set New Price Targets

D has been the topic of several research reports. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.58.

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.