Profund Advisors LLC decreased its position in shares of Dominion Energy Inc (NYSE:D) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,639 shares of the utilities provider’s stock after selling 387 shares during the quarter. Profund Advisors LLC’s holdings in Dominion Energy were worth $4,525,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Gallagher Fiduciary Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $507,724,000. FMR LLC boosted its position in shares of Dominion Energy by 29.7% during the fourth quarter. FMR LLC now owns 13,271,178 shares of the utilities provider’s stock valued at $1,099,119,000 after buying an additional 3,035,361 shares during the last quarter. State Street Corp boosted its position in shares of Dominion Energy by 6.5% during the fourth quarter. State Street Corp now owns 44,595,752 shares of the utilities provider’s stock valued at $3,693,420,000 after buying an additional 2,729,077 shares during the last quarter. Cohen & Steers Inc. purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $90,230,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Dominion Energy by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,651,394 shares of the utilities provider’s stock valued at $219,588,000 after buying an additional 888,626 shares during the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.
D stock traded up $5.10 during midday trading on Thursday, hitting $72.44. The company’s stock had a trading volume of 4,741,308 shares, compared to its average volume of 4,070,992. The stock’s 50-day moving average price is $81.93 and its 200 day moving average price is $81.80. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.07. Dominion Energy Inc has a 1 year low of $57.79 and a 1 year high of $90.89. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 43.12, a PEG ratio of 3.20 and a beta of 0.34.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, February 11th. The utilities provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a return on equity of 12.05% and a net margin of 8.74%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy Inc will post 4.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 28th were given a $0.94 dividend. The ex-dividend date was Thursday, February 27th. This represents a $3.76 annualized dividend and a yield of 5.19%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s payout ratio is currently 88.68%.
Several brokerages recently issued reports on D. Citigroup lifted their target price on Dominion Energy from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI began coverage on Dominion Energy in a research report on Friday, February 14th. They set a “hold” rating and a $88.00 target price on the stock. BMO Capital Markets began coverage on Dominion Energy in a research report on Wednesday, February 19th. They set a “market perform” rating and a $91.00 target price on the stock. Cfra lifted their target price on Dominion Energy from $88.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Argus lifted their target price on Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.54.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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