World Investment Advisors Has $1.02 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

World Investment Advisors lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 37.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,005 shares of the utilities provider’s stock after acquiring an additional 5,217 shares during the period. World Investment Advisors’ holdings in Dominion Energy were worth $1,024,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Nicolet Advisory Services LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $226,000. Bryce Point Capital LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth $513,000. Massachusetts Financial Services Co. MA lifted its position in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after buying an additional 1,459,926 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in Dominion Energy in the fourth quarter valued at about $574,000. Finally, Geode Capital Management LLC grew its position in Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after acquiring an additional 601,900 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $52.83 on Friday. The firm has a market cap of $45.02 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.22 and a beta of 0.57. The stock’s 50 day moving average is $55.31 and its 200 day moving average is $56.10. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $46.62 and a one year high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on D shares. UBS Group raised 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, March 21st. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley increased their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank increased their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.