O Shaughnessy Asset Management LLC Buys 8,785 Shares of Dominion Energy, Inc. (NYSE:D)

O Shaughnessy Asset Management LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 163,612 shares of the utilities provider’s stock after purchasing an additional 8,785 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Dominion Energy were worth $8,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in D. Norges Bank bought a new position in Dominion Energy during the 4th quarter valued at approximately $473,354,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of 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 valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. American Century Companies Inc. lifted its stake in Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the period. Point72 Asset Management L.P. boosted its holdings in Dominion Energy by 10,324.8% in the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares in the last quarter. Finally, State Street Corp increased its position in Dominion Energy by 3.2% during 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 period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on D shares. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Scotiabank raised 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. Finally, 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 research report on Thursday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Stock Up 2.0 %

D stock opened at $56.11 on Tuesday. The stock has a market capitalization of $47.81 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.22 and a beta of 0.59. 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, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The business has a fifty day moving average price of $55.19 and a 200-day moving average price of $56.17.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Dominion Energy Company 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.