Cibc World Markets Corp Has $7.14 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Cibc World Markets Corp grew its holdings in Dominion Energy, Inc. (NYSE:D) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 132,497 shares of the utilities provider’s stock after buying an additional 18,709 shares during the period. Cibc World Markets Corp’s holdings in Dominion Energy were worth $7,136,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in D. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at $210,000. Empowered Funds LLC raised its stake in shares of Dominion Energy by 10.1% during the 3rd quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider’s stock worth $836,000 after purchasing an additional 1,323 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Dominion Energy by 1.9% in the 3rd quarter. AMG National Trust Bank now owns 57,879 shares of the utilities provider’s stock valued at $3,345,000 after buying an additional 1,052 shares in the last quarter. Quest Partners LLC raised its position in Dominion Energy by 771,000.0% during the third quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock valued at $446,000 after acquiring an additional 7,710 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in Dominion Energy by 2.7% in the third quarter. Pathstone Holdings LLC now owns 338,001 shares of the utilities provider’s stock valued at $19,533,000 after acquiring an additional 8,736 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on D shares. Scotiabank raised their price target 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. JPMorgan Chase & Co. boosted their price target 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, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Price Performance

NYSE:D opened at $54.77 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market cap of $46.66 billion, a P/E ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.58. The company has a fifty day moving average price of $55.15 and a 200 day moving average price of $56.33. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

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.