London Co. of Virginia Increases Stake in Dominion Energy, Inc. (NYSE:D)

London Co. of Virginia grew its stake in Dominion Energy, Inc. (NYSE:D) by 19.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,689,154 shares of the utilities provider’s stock after buying an additional 599,275 shares during the quarter. London Co. of Virginia’s holdings in Dominion Energy were worth $198,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Cadence Bank lifted its stake in Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 189 shares during the last quarter. Choate Investment Advisors lifted its stake in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. Eagle Strategies LLC lifted its stake in Dominion Energy by 6.0% during the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 212 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.75.

Dominion Energy Trading Up 0.2%

NYSE:D opened at $55.10 on Monday. The firm has a market cap of $46.99 billion, a P/E ratio of 20.41, a PEG ratio of 1.22 and a beta of 0.57. 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 stock’s 50 day simple moving average is $53.94 and its 200-day simple moving average is $55.19. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

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.