Blueprint Investment Partners LLC Takes $328,000 Position in Dominion Energy, Inc. (NYSE:D)

Blueprint Investment Partners LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the fourth quarter, HoldingsChannel reports. The firm acquired 6,092 shares of the utilities provider’s stock, valued at approximately $328,000.

A number of other institutional investors have also recently made changes to their positions in D. State Street Corp grew its position in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. grew its position in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after acquiring an additional 367,193 shares in the last quarter. Bank of New York Mellon Corp grew its position in Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after acquiring an additional 1,068,996 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Dominion Energy by 4.8% in the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after acquiring an additional 398,012 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $54.51 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock’s fifty day moving average price is $55.19 and its 200 day moving average price is $56.29. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a market cap of $46.44 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on D shares. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.58.

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.