PGGM Investments Buys Shares of 39,470 Dominion Energy, Inc. (NYSE:D)

PGGM Investments purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,470 shares of the utilities provider’s stock, valued at approximately $2,126,000.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the fourth quarter valued at $27,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Dominion Energy during the 3rd quarter worth about $32,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on D shares. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Trading Up 0.7 %

Shares of Dominion Energy stock opened at $54.08 on Friday. 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 $46.56 and a 1 year high of $61.97. The firm has a market cap of $46.08 billion, a PE ratio of 20.03, a PEG ratio of 1.22 and a beta of 0.59. The company has a 50 day simple moving average of $55.12 and a two-hundred day simple moving average of $56.36.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 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.