Dominion Energy, Inc. (NYSE:D) Shares Purchased by RWC Asset Management LLP

RWC Asset Management LLP raised its position in Dominion Energy, Inc. (NYSE:D) by 117.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 582,044 shares of the utilities provider’s stock after buying an additional 314,652 shares during the quarter. Dominion Energy comprises about 1.6% of RWC Asset Management LLP’s holdings, making the stock its 20th largest position. RWC Asset Management LLP owned approximately 0.07% of Dominion Energy worth $31,349,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after acquiring an additional 1,222,688 shares during the period. Geode Capital Management LLC raised its position in 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 worth $1,032,941,000 after acquiring an additional 367,193 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Dominion Energy by 4.8% in the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after acquiring an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $57.38 on Monday. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The stock has a fifty day moving average of $54.58 and a two-hundred day moving average of $56.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analyst Ratings Changes

D has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

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.