Dominion Energy, Inc. (NYSE:D) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. lifted its position in Dominion Energy, Inc. (NYSE:D) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,102 shares of the utilities provider’s stock after purchasing an additional 2,205 shares during the quarter. Scotia Capital Inc.’s holdings in Dominion Energy were worth $598,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in shares of Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares during the last quarter. Czech National Bank increased its holdings in shares of Dominion Energy by 6.6% in the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after purchasing an additional 11,231 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after purchasing an additional 4,861 shares during the period. Pacer Advisors Inc. boosted its holdings in Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after buying an additional 7,632 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $1,027,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, UBS Group raised 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, March 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $57.00.

Dominion Energy Stock Up 2.6 %

Shares of NYSE:D opened at $54.10 on Tuesday. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97. The stock’s 50-day moving average price is $54.74 and its two-hundred day moving average price is $55.78. 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 firm has a market cap of $46.10 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s 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.