Dominion Energy, Inc. (NYSE:D) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.4% during the 4th quarter, Holdings Channel reports. The fund owned 3,999 shares of the utilities provider’s stock after buying an additional 240 shares during the quarter. Chicago Capital LLC’s holdings in Dominion Energy were worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co grew its position in Dominion Energy by 7.0% in the fourth quarter. CENTRAL TRUST Co now owns 31,427 shares of the utilities provider’s stock worth $1,693,000 after acquiring an additional 2,061 shares during the period. Greenleaf Trust grew its holdings in shares of Dominion Energy by 2.2% during the 4th quarter. Greenleaf Trust now owns 16,497 shares of the utilities provider’s stock worth $889,000 after purchasing an additional 349 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dominion Energy by 4.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,364 shares of the utilities provider’s stock worth $1,797,000 after purchasing an additional 1,421 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in Dominion Energy by 364.0% in the 4th quarter. Evermay Wealth Management LLC now owns 7,433 shares of the utilities provider’s stock valued at $400,000 after buying an additional 5,831 shares during the period. Finally, Verus Financial Partners Inc. lifted its position in Dominion Energy by 5.6% in the fourth quarter. Verus Financial Partners Inc. now owns 15,956 shares of the utilities provider’s stock valued at $852,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $56.31 on Tuesday. The business has a 50-day simple moving average of $54.96 and a 200-day simple moving average of $56.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a market cap of $47.30 billion, a PE ratio of 19.76, a P/E/G ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on D. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven investment 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, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy 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.