Redpoint Investment Management Pty Ltd raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 91,295 shares of the utilities provider’s stock after buying an additional 8,968 shares during the quarter. Dominion Energy makes up approximately 0.7% of Redpoint Investment Management Pty Ltd’s portfolio, making the stock its 26th biggest position. Redpoint Investment Management Pty Ltd’s holdings in Dominion Energy were worth $6,865,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dominion Energy by 0.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,114 shares of the utilities provider’s stock worth $1,745,000 after acquiring an additional 123 shares during the last quarter. Physicians Financial Services Inc. boosted its position in Dominion Energy by 2.4% during the 3rd quarter. Physicians Financial Services Inc. now owns 5,318 shares of the utilities provider’s stock worth $420,000 after acquiring an additional 124 shares during the period. First Commonwealth Financial Corp PA boosted its position in Dominion Energy by 2.4% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 5,400 shares of the utilities provider’s stock worth $426,000 after acquiring an additional 129 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its holdings in shares of Dominion Energy by 0.7% during the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 18,826 shares of the utilities provider’s stock valued at $1,486,000 after buying an additional 132 shares during the last quarter. Finally, IFG Advisory LLC lifted its holdings in shares of Dominion Energy by 1.0% during the 3rd quarter. IFG Advisory LLC now owns 13,343 shares of the utilities provider’s stock valued at $1,053,000 after buying an additional 132 shares during the last quarter. 60.79% of the stock is currently owned by institutional investors and hedge funds.

D stock traded up $0.71 during mid-day trading on Wednesday, hitting $72.24. The stock had a trading volume of 4,359,670 shares, compared to its average volume of 3,658,621. The stock has a market capitalization of $58.93 billion, a price-to-earnings ratio of -3,615.00, a PEG ratio of 5.44 and a beta of 0.31. The company has a fifty day moving average of $75.51 and a 200 day moving average of $78.73. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 1-year low of $57.79 and a 1-year high of $90.89.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. Dominion Energy had a return on equity of 12.19% and a net margin of 0.10%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $1.18 EPS. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 3.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 20th. Shareholders of record on Friday, December 4th were given a $0.63 dividend. The ex-dividend date was Thursday, December 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.49%. Dominion Energy’s dividend payout ratio is currently 59.43%.

D has been the subject of several recent analyst reports. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating and set a $83.00 target price for the company in a research note on Thursday, December 17th. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and cut their price target for the company from $88.00 to $83.00 in a report on Wednesday, December 16th. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $82.00 to $84.00 in a research report on Tuesday, September 29th. Bank of America upgraded Dominion Energy from a “neutral” rating to a “buy” rating and cut their price target for the company from $88.00 to $83.00 in a research note on Wednesday, December 16th. Finally, TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Tuesday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Dominion Energy currently has a consensus rating of “Buy” and a consensus target price of $83.42.

In other Dominion Energy news, Chairman Thomas F. Farrell II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $75.87, for a total value of $3,793,500.00. Following the completion of the sale, the chairman now owns 901,144 shares in the company, valued at approximately $68,369,795.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.

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

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