Signature Estate & Investment Advisors LLC raised its holdings in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 58.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,944 shares of the utilities provider’s stock after purchasing an additional 1,819 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Dominion Energy were worth $395,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $319,198,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Dominion Energy by 1,885.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock valued at $320,689,000 after acquiring an additional 3,876,471 shares in the last quarter. State Street Corp increased its position in shares of Dominion Energy by 8.3% during the first quarter. State Street Corp now owns 46,230,763 shares of the utilities provider’s stock valued at $3,928,228,000 after acquiring an additional 3,546,948 shares in the last quarter. BlackRock Inc. increased its position in shares of Dominion Energy by 6.3% during the fourth quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after acquiring an additional 3,308,258 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Dominion Energy by 17.2% during the fourth quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock valued at $1,418,845,000 after acquiring an additional 2,649,044 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.
Dominion Energy Trading Down 0.6 %
Shares of Dominion Energy stock opened at $78.44 on Friday. The company’s fifty day simple moving average is $81.78 and its 200-day simple moving average is $82.08. The stock has a market capitalization of $65.30 billion, a PE ratio of 29.38, a P/E/G ratio of 3.03 and a beta of 0.41. Dominion Energy, Inc. has a 1-year low of $70.37 and a 1-year high of $88.78. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.86 and a quick ratio of 0.74.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Thursday, September 1st. Dominion Energy’s dividend payout ratio (DPR) is 100.00%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on D. Barclays dropped their target price on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. UBS Group dropped their target price on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Morgan Stanley dropped their target price on shares of Dominion Energy from $92.00 to $90.00 and set an “equal weight” rating on the stock in a report on Thursday. Mizuho dropped their target price on shares of Dominion Energy from $87.00 to $81.00 in a report on Friday, July 15th. Finally, BMO Capital Markets raised their target price on shares of Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $86.00.
Dominion Energy Company Profile
Dominion Energy, Inc produces and distributes energy in the United States. 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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