Excalibur Management Corp bought a new position in shares of Dominion Energy Inc (NYSE:D) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,204 shares of the utilities provider’s stock, valued at approximately $265,000.
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Dominion Energy during the second quarter worth $460,000. BlackRock Inc. increased its holdings in shares of Dominion Energy by 1.6% in the second quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock worth $4,351,431,000 after acquiring an additional 892,554 shares in the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of Dominion Energy in the third quarter worth about $203,000. TIAA FSB increased its holdings in shares of Dominion Energy by 0.5% in the third quarter. TIAA FSB now owns 62,404 shares of the utilities provider’s stock worth $5,057,000 after acquiring an additional 303 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in shares of Dominion Energy by 14.6% in the third quarter. Douglass Winthrop Advisors LLC now owns 8,422 shares of the utilities provider’s stock worth $683,000 after acquiring an additional 1,072 shares in the last quarter. Institutional investors own 65.43% of the company’s stock.
Several brokerages have issued reports on D. Morgan Stanley increased their price target on Dominion Energy from $89.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Co restated a “hold” rating on shares of Dominion Energy in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Dominion Energy in a research report on Sunday, January 19th. Finally, Citigroup raised their price objective on Dominion Energy from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $82.55.
NYSE D opened at $84.92 on Thursday. The business’s 50-day moving average price is $83.08 and its two-hundred day moving average price is $80.44. Dominion Energy Inc has a 12 month low of $71.27 and a 12 month high of $86.69. The firm has a market capitalization of $69.60 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 1.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.43%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, February 27th. Dominion Energy’s payout ratio is currently 90.62%.
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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