Vanguard Group Inc. Purchases 674,859 Shares of Dominion Energy, Inc. (NYSE:D)

Vanguard Group Inc. boosted its position in Dominion Energy, Inc. (NYSE:D) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,513,956 shares of the utilities provider’s stock after buying an additional 674,859 shares during the period. Vanguard Group Inc. owned approximately 10.66% of Dominion Energy worth $4,821,222,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of D. Howard Capital Management Group LLC acquired a new stake in Dominion Energy during the third quarter worth approximately $210,000. Meridian Wealth Management LLC boosted its holdings in shares of Dominion Energy by 14.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,173 shares of the utilities provider’s stock worth $357,000 after buying an additional 784 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $266,000. Cerity Partners LLC increased its stake in shares of Dominion Energy by 1.6% in the 3rd quarter. Cerity Partners LLC now owns 262,249 shares of the utilities provider’s stock valued at $15,155,000 after acquiring an additional 4,035 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5 %

D stock opened at $54.29 on Tuesday. The stock’s 50 day moving average is $55.21 and its 200-day moving average is $56.27. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The firm has a market capitalization of $46.26 billion, a PE ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

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, topping 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%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

D has been the subject of a number of research reports. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. 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. 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. Finally, Morgan Stanley increased their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $57.58.

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.