Generali Investments Management Co LLC Acquires Shares of 44,778 Dominion Energy, Inc. (NYSE:D)

Generali Investments Management Co LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, Holdings Channel reports. The fund acquired 44,778 shares of the utilities provider’s stock, valued at approximately $2,412,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter valued at $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 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 analysts have issued reports on D shares. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.18.

Dominion Energy Stock Up 0.1 %

Shares of NYSE:D opened at $54.77 on Wednesday. The business has a 50-day moving average price of $55.15 and a 200 day moving average price of $56.33. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $46.66 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.