Bogart Wealth LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,258 shares of the utilities provider’s stock after acquiring an additional 3,726 shares during the quarter. Bogart Wealth LLC’s holdings in Dominion Energy were worth $7,803,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in Dominion Energy by 486.1% in the third quarter. Canada Pension Plan Investment Board now owns 10,364,622 shares of the utilities provider’s stock worth $716,299,000 after purchasing an additional 8,596,097 shares during the period. BlackRock Inc. lifted its holdings in Dominion Energy by 5.5% in the third quarter. BlackRock Inc. now owns 58,954,665 shares of the utilities provider’s stock worth $4,074,356,000 after purchasing an additional 3,051,912 shares during the period. Vanguard Group Inc. lifted its holdings in Dominion Energy by 3.9% in the third quarter. Vanguard Group Inc. now owns 73,953,046 shares of the utilities provider’s stock worth $5,110,895,000 after purchasing an additional 2,767,626 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Dominion Energy by 9.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utilities provider’s stock worth $2,126,590,000 after purchasing an additional 2,763,501 shares during the period. Finally, State Street Corp lifted its holdings in Dominion Energy by 3.9% in the third quarter. State Street Corp now owns 49,478,314 shares of the utilities provider’s stock worth $3,419,446,000 after purchasing an additional 1,853,875 shares during the period. Institutional investors and hedge funds own 70.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on D shares. StockNews.com started coverage on shares of Dominion Energy in a report on Thursday, March 16th. They issued a “hold” rating for the company. Credit Suisse Group dropped their price target on shares of Dominion Energy from $67.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 14th. UBS Group dropped their price target on shares of Dominion Energy from $60.00 to $57.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 7th. Morgan Stanley boosted their price target on shares of Dominion Energy from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 20th. Finally, Wells Fargo & Company boosted their price target on shares of Dominion Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, January 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.18.
Dominion Energy Trading Down 1.2 %
NYSE D traded down $0.70 on Wednesday, hitting $56.61. 1,145,885 shares of the company were exchanged, compared to its average volume of 4,621,200. The company’s 50 day moving average price is $56.29 and its 200-day moving average price is $60.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market capitalization of $47.28 billion, a P/E ratio of 52.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.43. Dominion Energy, Inc. has a twelve month low of $52.03 and a twelve month high of $86.28.
Dominion Energy (NYSE:D – Get Rating) last issued its earnings results on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Analysts predict that Dominion Energy, Inc. will post 3.87 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were issued a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio is 244.95%.
Dominion Energy Company Profile
Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.