HBK Sorce Advisory LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

HBK Sorce Advisory LLC boosted its position in Dominion Energy, Inc. (NYSE:D) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,839 shares of the utilities provider’s stock after purchasing an additional 283 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Dominion Energy were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after buying an additional 367,193 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after buying an additional 1,068,996 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Dominion Energy by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after purchasing an additional 398,012 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on D shares. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Trading Up 1.0 %

Shares of NYSE D opened at $54.64 on Friday. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The stock has a market cap of $46.55 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm has a 50-day moving average of $55.12 and a 200 day moving average of $56.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. As a group, 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 will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s dividend payout ratio is currently 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.