Geode Capital Management LLC Purchases 601,900 Shares of Dominion Energy, Inc. (NYSE:D)

Geode Capital Management LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,477,121 shares of the utilities provider’s stock after acquiring an additional 601,900 shares during the period. Geode Capital Management LLC owned approximately 2.20% of Dominion Energy worth $997,034,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cape Investment Advisory Inc. raised its stake in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Fairway Wealth LLC acquired a new stake in Dominion Energy during the fourth quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 260 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

D has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Up 0.0 %

NYSE D opened at $56.27 on Thursday. The stock’s 50 day simple moving average is $55.26 and its 200 day simple moving average is $56.15. 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 one year low of $46.62 and a one year high of $61.97. The firm has a market cap of $47.95 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released 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 return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

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.