Edge Capital Group LLC purchased a new stake in shares of Dominion Energy Inc (NYSE:D) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,331 shares of the utilities provider’s stock, valued at approximately $667,000.

Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in shares of Dominion Energy by 6,957.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,026,854 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 4,955,630 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dominion Energy by 23.1% in the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after acquiring an additional 1,697,619 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dominion Energy by 29.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after acquiring an additional 1,413,097 shares in the last quarter. Morgan Stanley raised its stake in shares of Dominion Energy by 46.1% in the 3rd quarter. Morgan Stanley now owns 3,759,391 shares of the utilities provider’s stock valued at $264,209,000 after acquiring an additional 1,185,720 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Dominion Energy by 2.2% in the 4th quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock valued at $3,373,599,000 after acquiring an additional 1,032,107 shares in the last quarter. Institutional investors and hedge funds own 58.26% of the company’s stock.

In related news, CEO Diane Leopold sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the sale, the chief executive officer now owns 48,677 shares in the company, valued at $3,471,156.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Maybank Hagood acquired 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $76.34 per share, with a total value of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

D has been the topic of a number of recent analyst reports. Zacks Investment Research reissued a “sell” rating on shares of Dominion Energy in a research note on Monday, December 31st. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Macquarie set a $78.00 price target on Dominion Energy and gave the stock a “buy” rating in a research report on Monday, January 14th. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $72.00 to $69.00 in a research report on Friday, January 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.31.

Dominion Energy stock opened at $74.94 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $60.11 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.29 and a beta of 0.22. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.22.

Dominion Energy (NYSE:D) last released its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.13 billion. Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Research analysts anticipate that Dominion Energy Inc will post 4.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Thursday, February 28th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio is currently 90.62%.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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