Dominion Energy, Inc. (NYSE:D) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,818 shares of the utilities provider’s stock after buying an additional 228 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Dominion Energy were worth $529,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after buying an additional 404,868 shares during the period. Czech National Bank grew its position in Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after acquiring an additional 11,231 shares in the last quarter. HB Wealth Management LLC grew its position in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after acquiring an additional 4,861 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after purchasing an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Dominion Energy in the fourth quarter valued at $1,027,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $55.10 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. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The business has a 50 day simple moving average of $53.94 and a 200-day simple moving average of $55.23.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

Several research firms recently issued reports on D. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $58.75.

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.