Dominion Energy, Inc. (NYSE:D) Shares Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 27.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,442 shares of the utilities provider’s stock after buying an additional 1,169 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Dominion Energy were worth $268,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of D. JPMorgan Chase & Co. grew its stake in shares of Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 13.2% during the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares during the period. Capital Research Global Investors grew its stake in shares of Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the period. Federated Hermes Inc. grew its stake in shares of Dominion Energy by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after purchasing an additional 75,600 shares during the period. Finally, Morgan Stanley grew its stake in shares of Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D stock opened at $49.24 on Thursday. The company has a market capitalization of $41.24 billion, a P/E ratio of 25.38, a PEG ratio of 1.32 and a beta of 0.60. The company has a 50-day simple moving average of $51.61 and a 200 day simple moving average of $48.71. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is 137.63%.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Mizuho boosted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Finally, Guggenheim decreased their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $51.73.

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.