Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 155,011 shares of the utilities provider’s stock, valued at approximately $8,349,000.

Several other large investors have also added to or reduced their stakes in D. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at approximately $210,000. Versor Investments LP acquired a new stake in Dominion Energy in the third quarter valued at $248,000. GSA Capital Partners LLP acquired a new stake in Dominion Energy in the third quarter valued at $960,000. Oppenheimer & Co. Inc. grew its position in shares of Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares during the period. Finally, KBC Group NV increased its stake in shares of Dominion Energy by 3.0% during the 3rd quarter. KBC Group NV now owns 65,413 shares of the utilities provider’s stock worth $3,780,000 after purchasing an additional 1,895 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on D shares. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Stock Up 1.0 %

D stock opened at $54.64 on Friday. The business’s fifty day moving average price is $55.12 and its two-hundred day moving average price is $56.35. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. 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 (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.