Ontario Teachers Pension Plan Board Has $44.09 Million Stake in Dominion Energy Inc (D)

Ontario Teachers Pension Plan Board grew its position in Dominion Energy Inc (NYSE:D) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 543,965 shares of the utilities provider’s stock after purchasing an additional 2,250 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Dominion Energy were worth $44,094,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in D. BlackRock Inc. increased its holdings in Dominion Energy by 4.4% during the fourth quarter. BlackRock Inc. now owns 45,032,247 shares of the utilities provider’s stock worth $3,650,316,000 after buying an additional 1,902,352 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Dominion Energy by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,976,622 shares of the utilities provider’s stock worth $403,404,000 after buying an additional 90,236 shares during the last quarter. Legal & General Group Plc increased its holdings in Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in Dominion Energy by 0.9% during the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after buying an additional 36,643 shares during the last quarter. Institutional investors own 65.34% of the company’s stock.

In other Dominion Energy news, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the completion of the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Harris sold 11,254 shares of Dominion Energy stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $79.94, for a total transaction of $899,644.76. Following the sale, the director now owns 13,282 shares of the company’s stock, valued at $1,061,763.08. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

A number of brokerages have weighed in on D. Morgan Stanley increased their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a research report on Thursday, December 14th. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Finally, UBS Group began coverage on shares of Dominion Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $85.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $82.09.

Dominion Energy Inc (NYSE D) opened at $75.80 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. Dominion Energy Inc has a 1 year low of $72.80 and a 1 year high of $85.30. The company has a market cap of $48,858.50, a P/E ratio of 21.11, a PEG ratio of 2.65 and a beta of 0.20.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Dominion Energy had a net margin of 24.92% and a return on equity of 12.99%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the business earned $0.99 earnings per share. Dominion Energy’s revenue was up 4.0% compared to the same quarter last year. analysts predict that Dominion Energy Inc will post 4.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a yield of 4.41%. Dominion Energy’s payout ratio is presently 62.73%.

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Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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