Ensign Peak Advisors Inc Grows Stake in Dominion Energy, Inc. (NYSE:D)

Ensign Peak Advisors Inc raised its position in Dominion Energy, Inc. (NYSE:D) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,184,515 shares of the utilities provider’s stock after purchasing an additional 104,177 shares during the period. Ensign Peak Advisors Inc owned about 0.14% of Dominion Energy worth $63,798,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in Dominion Energy by 17.1% in the 4th quarter. Deutsche Bank AG now owns 2,079,663 shares of the utilities provider’s stock valued at $112,011,000 after buying an additional 303,868 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Dominion Energy by 71.4% in the fourth quarter. EP Wealth Advisors LLC now owns 15,975 shares of the utilities provider’s stock valued at $860,000 after acquiring an additional 6,654 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Dominion Energy by 12.8% during the fourth quarter. CoreCap Advisors LLC now owns 12,587 shares of the utilities provider’s stock valued at $678,000 after acquiring an additional 1,430 shares during the last quarter. Brevan Howard Capital Management LP increased its position in Dominion Energy by 76.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 90,553 shares of the utilities provider’s stock worth $4,877,000 after purchasing an additional 39,232 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Dominion Energy in the 4th quarter valued at about $9,404,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on D. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.22.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $55.10 on Friday. The business has a 50-day moving average of $53.94 and a two-hundred day moving average of $55.27. The firm has a market capitalization of $46.99 billion, a PE ratio of 20.41, a P/E/G ratio of 1.22 and a beta of 0.57. 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, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Dominion Energy’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

About Dominion Energy

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.