Dominion Energy, Inc. (NYSE:D) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,122,952 shares of the utilities provider’s stock after purchasing an additional 113,806 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Dominion Energy worth $60,482,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cape Investment Advisory Inc. increased its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in Dominion Energy by 100.4% during the fourth 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 during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the subject of several research reports. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley lifted their target price 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. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Thirteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Stock Performance

D stock opened at $52.83 on Friday. The company has a market capitalization of $45.02 billion, a P/E ratio of 19.57, a PEG ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $55.31 and a 200 day simple moving average of $56.12. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Dominion Energy Company 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.