O Shares Investment Advisers LLC boosted its stake in shares of Dominion Energy Inc (NYSE:D) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,948 shares of the utilities provider’s stock after buying an additional 816 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Dominion Energy were worth $2,142,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Dominion Energy by 17.3% in the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock valued at $4,245,862,000 after acquiring an additional 8,176,020 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Dominion Energy by 6,957.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 4,955,630 shares in the last quarter. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $305,535,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Dominion Energy by 34.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after acquiring an additional 3,801,740 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after acquiring an additional 1,697,619 shares in the last quarter. 63.82% of the stock is owned by institutional investors.
Shares of D traded up $0.32 during mid-day trading on Thursday, reaching $75.40. 1,733,042 shares of the company’s stock were exchanged, compared to its average volume of 3,540,411. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The firm has a market cap of $59.30 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 3.61 and a beta of 0.26. Dominion Energy Inc has a 52-week low of $64.07 and a 52-week high of $78.31.
Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. As a group, equities research analysts forecast that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.87%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
D has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, April 8th. Argus reiterated a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. ValuEngine upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Finally, Wolfe Research set a $79.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Monday, March 18th. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.85.
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About Dominion Energy
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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