Dominion Energy, Inc. (NYSE:D) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,122,952 shares of the utilities provider’s stock after buying an additional 113,806 shares during the quarter. Alliancebernstein L.P.’s holdings in Dominion Energy were worth $60,482,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on D shares. Morgan Stanley raised 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 note on Thursday, March 20th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised 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 upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Trading Down 6.1 %

Dominion Energy stock opened at $52.83 on Friday. Dominion Energy, Inc. has a one year low of $46.62 and a one year high of $61.97. The company’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $56.12. 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 company has a market capitalization of $45.02 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last issued 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 return on equity of 8.99% and a net margin of 16.22%. On average, analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.