HighTower Advisors LLC Has $31.46 Million Stock Holdings in Dominion Energy Inc. $D

HighTower Advisors LLC lifted its stake in Dominion Energy Inc. (NYSE:DFree Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 514,214 shares of the utilities provider’s stock after acquiring an additional 34,528 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of Dominion Energy worth $31,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Dominion Energy by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy in the second quarter worth approximately $566,924,000. Mizuho Markets Americas LLC increased its stake in shares of Dominion Energy by 139.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock worth $53,065,000 after purchasing an additional 3,073,835 shares during the last quarter. State Street Corp raised its holdings in shares of Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after purchasing an additional 1,313,621 shares in the last quarter. Finally, London Co. of Virginia raised its holdings in shares of Dominion Energy by 30.9% during the 2nd quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock valued at $280,662,000 after purchasing an additional 1,172,445 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on D. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research note on Thursday, December 11th. BMO Capital Markets cut their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company lowered their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.33.

Read Our Latest Stock Analysis on Dominion Energy

Dominion Energy Price Performance

Shares of NYSE:D opened at $64.58 on Thursday. The company has a market cap of $55.15 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.78 and a beta of 0.71. The business has a 50 day moving average price of $60.51 and a 200 day moving average price of $60.50. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $67.57.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Key Stories Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

About Dominion Energy

(Free Report)

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.

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

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