Dominion Energy, Inc. (NYSE:D) Shares Purchased by Summit Securities Group LLC

Summit Securities Group LLC increased its holdings in Dominion Energy, Inc. (NYSE:D) by 5,500.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the utilities provider’s stock after buying an additional 5,500 shares during the quarter. Summit Securities Group LLC’s holdings in Dominion Energy were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. State Street Corp raised its holdings in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 period. Finally, Bank of New York Mellon Corp grew its position in Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after purchasing an additional 1,068,996 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on D. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Finally, UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $54.98 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. The business’s 50-day moving average price is $55.17 and its 200-day moving average price is $56.18. The firm has a market capitalization of $46.85 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy 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.