Dominion Energy, Inc. (NYSE:D) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its position in Dominion Energy, Inc. (NYSE:DFree Report) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,818 shares of the utilities provider’s stock after purchasing an additional 1,451 shares during the quarter. Vinva Investment Management Ltd’s holdings in Dominion Energy were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after purchasing an additional 259,978 shares during the last quarter. Morgan Stanley increased its stake in shares of Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after acquiring an additional 803,341 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after acquiring an additional 157,175 shares during the last quarter. Diversified Trust Co increased its stake in shares of Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 7,071 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $263,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on D shares. Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Evercore ISI upped their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.73.

Check Out Our Latest Report on Dominion Energy

Dominion Energy Stock Down 1.6 %

NYSE D opened at $51.44 on Friday. The stock has a market cap of $43.09 billion, a PE ratio of 26.52, a P/E/G ratio of 1.38 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The business has a 50 day moving average price of $51.26 and a two-hundred day moving average price of $48.41. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. Dominion Energy’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio is presently 137.63%.

Dominion Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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