Treasurer of the State of North Carolina Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Treasurer of the State of North Carolina increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464,840 shares of the utilities provider’s stock after buying an additional 6,001 shares during the period. Treasurer of the State of North Carolina owned about 0.06% of Dominion Energy worth $25,036,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy in the fourth quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the 4th quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Argus upgraded Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Stock Down 0.6 %

D opened at $51.95 on Friday. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. The business has a 50 day moving average price of $54.77 and a two-hundred day moving average price of $55.84. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market cap of $44.27 billion, a PE ratio of 19.24, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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%. As a group, research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid 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 dividend yield of 5.14%. Dominion Energy’s dividend payout ratio (DPR) is 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.