Altshuler Shaham Ltd boosted its holdings in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 81.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,389 shares of the utilities provider’s stock after buying an additional 11,856 shares during the quarter. Altshuler Shaham Ltd’s holdings in Dominion Energy were worth $1,546,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of D. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after acquiring an additional 3,553 shares during the period. Empowered Funds LLC raised its position in Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP raised its position in Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after purchasing an additional 20,522 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Dominion Energy by 9.5% during the second quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.
Dominion Energy Stock Performance
Shares of NYSE:D opened at $68.18 on Thursday. The company’s 50 day moving average price is $64.72 and its two-hundred day moving average price is $62.40. Dominion Energy Inc. has a 12-month low of $53.59 and a 12-month high of $69.25. The firm has a market cap of $59.96 billion, a PE ratio of 20.17 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on D. Bank of America raised their price target on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Scotiabank lifted their target price on shares of Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Wall Street Zen cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Barclays lifted their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $67.69.
Dominion Energy Company Profile
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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