CarsonAllaria Wealth Management Ltd. Acquires New Position in Dominion Energy, Inc. (NYSE:D)

CarsonAllaria Wealth Management Ltd. bought a new position in Dominion Energy, Inc. (NYSE:DGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,251 shares of the utilities provider’s stock, valued at approximately $334,000.

A number of other large investors have also bought and sold shares of D. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 5.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 21,175,100 shares of the utilities provider’s stock valued at $1,663,516,000 after buying an additional 1,005,105 shares in the last quarter. Franklin Resources Inc. boosted its stake in Dominion Energy by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,682,193 shares of the utilities provider’s stock valued at $1,364,174,000 after purchasing an additional 111,748 shares during the last quarter. Capital Research Global Investors raised its holdings in Dominion Energy by 3.0% during the third quarter. Capital Research Global Investors now owns 15,411,614 shares of the utilities provider’s stock valued at $1,125,356,000 after acquiring an additional 450,232 shares during the period. Geode Capital Management LLC boosted its position in shares of Dominion Energy by 2.3% during the third quarter. Geode Capital Management LLC now owns 12,295,702 shares of the utilities provider’s stock valued at $895,804,000 after buying an additional 277,731 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 9,118,316 shares of the utilities provider’s stock worth $665,818,000 after purchasing an additional 1,560,823 shares in the last quarter. Hedge funds and other institutional investors own 68.39% of the company’s stock.

A number of research analysts have issued reports on D shares. KeyCorp lifted their price objective on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Morgan Stanley increased their price target on shares of Dominion Energy from $87.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. Barclays assumed coverage on shares of Dominion Energy in a research note on Tuesday, January 25th. They issued an “equal weight” rating and a $86.00 price objective for the company. StockNews.com assumed coverage on shares of Dominion Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, The Goldman Sachs Group downgraded shares of Dominion Energy from a “neutral” rating to a “sell” rating and set a $72.00 price target for the company. in a research note on Thursday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.25.

Shares of NYSE D traded down $0.12 during midday trading on Thursday, reaching $82.90. The company’s stock had a trading volume of 4,053,423 shares, compared to its average volume of 3,293,944. Dominion Energy, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $88.78. The company has a market cap of $67.25 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.35 and a beta of 0.41. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.65 and a current ratio of 0.84. The business’s 50 day moving average price is $84.01 and its two-hundred day moving average price is $79.67.

Dominion Energy (NYSE:DGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.01). The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Dominion Energy had a net margin of 20.81% and a return on equity of 13.09%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Sell-side analysts forecast that Dominion Energy, Inc. will post 4.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, June 2nd. Dominion Energy’s dividend payout ratio is presently 74.58%.

Dominion Energy Profile (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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

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