Dominion Energy, Inc. (NYSE:D) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co increased its stake in Dominion Energy, Inc. (NYSE:D) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,327 shares of the utilities provider’s stock after acquiring an additional 1,930 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Dominion Energy were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of D. State Street Corp boosted 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 valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 period. Geode Capital Management LLC boosted its holdings in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after acquiring an additional 367,193 shares during the last quarter. Franklin Resources Inc. grew its position in Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after acquiring an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $57.12 on Thursday. The company’s fifty day moving average price is $54.81 and its two-hundred day moving average price is $56.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $47.98 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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%. On average, research analysts anticipate 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 will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

A number of analysts have recently issued reports on D shares. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.58.

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.