Dominion Energy, Inc. (NYSE:D) Shares Acquired by State Street Corp

State Street Corp increased its position in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,683,815 shares of the utilities provider’s stock after purchasing an additional 493,101 shares during the period. State Street Corp owned 5.28% of Dominion Energy worth $3,353,241,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. West Bancorporation Inc. acquired a new position in shares of Dominion Energy during the fourth quarter worth $30,000. FSB Premier Wealth Management Inc. acquired a new position in shares of Dominion Energy during the fourth quarter worth $36,000. TimeScale Financial Inc. grew its stake in shares of Dominion Energy by 72.4% during the fourth quarter. TimeScale Financial Inc. now owns 481 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 202 shares in the last quarter. Bell Investment Advisors Inc acquired a new position in shares of Dominion Energy during the third quarter worth $36,000. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in Dominion Energy in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating for the company in a report on Monday, May 23rd. KeyCorp increased their price target on shares of Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Finally, initiated coverage on shares of Dominion Energy in a report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.38.

D opened at $85.16 on Friday. The company has a fifty day simple moving average of $84.47 and a 200 day simple moving average of $80.34. The firm has a market cap of $69.09 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.17 and a beta of 0.41. Dominion Energy, Inc. has a twelve month low of $70.37 and a twelve month high of $88.78. The company has a current ratio of 0.79, a quick ratio of 0.65 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:DGet Rating) last announced 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 analyst estimates of $4.31 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. Dominion Energy’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. On average, analysts forecast that Dominion Energy, Inc. will post 4.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, June 3rd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, June 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 74.58%.

Dominion Energy Company 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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