Bard Financial Services Inc. acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,450 shares of the utilities provider’s stock, valued at approximately $1,538,000.
Several other hedge funds have also added to or reduced their stakes in D. Norges Bank acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $344,479,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Dominion Energy by 130.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,262,794 shares of the utilities provider’s stock valued at $170,162,000 after purchasing an additional 1,279,740 shares during the last quarter. Alleghany Corp DE lifted its position in Dominion Energy by 370.9% during the 4th quarter. Alleghany Corp DE now owns 1,322,703 shares of the utilities provider’s stock worth $99,468,000 after acquiring an additional 1,041,806 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dominion Energy by 214.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,423,236 shares of the utilities provider’s stock worth $107,027,000 after acquiring an additional 970,800 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Dominion Energy by 29.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,553,177 shares of the utilities provider’s stock worth $116,799,000 after acquiring an additional 355,250 shares during the last quarter. 67.06% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE D opened at $76.22 on Thursday. The company’s 50 day simple moving average is $72.83 and its 200 day simple moving average is $76.09. Dominion Energy, Inc. has a fifty-two week low of $67.85 and a fifty-two week high of $87.34. The firm has a market capitalization of $61.43 billion, a P/E ratio of -3,811.00, a P/E/G ratio of 3.74 and a beta of 0.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 20th. Investors of record on Friday, March 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $2.52 annualized dividend and a yield of 3.31%. Dominion Energy’s dividend payout ratio is currently 59.43%.
A number of research analysts have recently commented on D shares. Mizuho upped their price objective on shares of Dominion Energy from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, January 29th. Wells Fargo & Company raised shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $83.00 in a research report on Tuesday, January 26th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research report on Wednesday. Evercore ISI raised shares of Dominion Energy from an “in-line” rating to an “outperform” rating in a research note on Thursday, January 21st. Finally, UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $88.00 to $83.00 in a research note on Wednesday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.00.
In other news, Director Mark J. Kington bought 2,000 shares of the business’s stock in a transaction on Thursday, March 4th. The shares were bought at an average cost of $69.29 per share, for a total transaction of $138,580.00. Company insiders own 0.26% of the company’s stock.
About Dominion Energy
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.
Further Reading: Understanding Average Daily Trade Volume
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