Schroder Investment Management Group Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Schroder Investment Management Group boosted its stake in Dominion Energy, Inc. (NYSE:D) by 55.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,243,438 shares of the utilities provider’s stock after purchasing an additional 441,402 shares during the period. Schroder Investment Management Group’s holdings in Dominion Energy were worth $66,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of D. Simon Quick Advisors LLC boosted its holdings in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY lifted its holdings in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares during the period. Choate Investment Advisors grew its position in shares of Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the last quarter. Passumpsic Savings Bank increased its stake in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Finally, Meridian Financial Partners LLC raised its holdings in shares of Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 219 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 2.0 %

Shares of NYSE:D opened at $56.11 on Tuesday. 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 1 year low of $46.62 and a 1 year high of $61.97. The company has a market cap of $47.81 billion, a P/E ratio of 20.78, a PEG ratio of 1.22 and a beta of 0.59. The stock’s fifty day moving average price is $55.19 and its 200-day moving average price is $56.17.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on D. Morgan Stanley boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. 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. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $57.58.

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.