Dominion Energy, Inc. (NYSE:D) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,885,024 shares of the utilities provider’s stock after acquiring an additional 187,726 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of Dominion Energy worth $229,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Criterion Capital Advisors LLC purchased a new position in Dominion Energy during the fourth quarter worth approximately $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the fourth quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in Dominion Energy during the third quarter worth approximately $36,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in Dominion Energy by 91.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 400 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.1 %

D opened at $52.15 on Thursday. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.02. The stock has a market capitalization of $43.68 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.43 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The business has a fifty day moving average price of $48.85 and a 200 day moving average price of $46.92.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the firm posted $0.99 EPS. Dominion Energy’s revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.12%. Dominion Energy’s payout ratio is 137.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on D shares. Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Wells Fargo & Company raised their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets raised their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.73.

Insider Buying and Selling

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

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.