Vontobel Holding Ltd. Has $429,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Vontobel Holding Ltd. grew its position in Dominion Energy, Inc. (NYSE:D) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,969 shares of the utilities provider’s stock after buying an additional 1,235 shares during the period. Vontobel Holding Ltd.’s holdings in Dominion Energy were worth $429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. JPMorgan Chase & Co. boosted its stake in Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the period. Geode Capital Management LLC boosted its stake in Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after purchasing an additional 367,193 shares during the period. Franklin Resources Inc. boosted its stake in Dominion Energy by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after purchasing an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Dominion Energy by 63.5% in 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 during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Up 1.3 %

Shares of D stock opened at $56.39 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm’s 50-day moving average is $54.51 and its 200-day moving average is $56.32. The stock has a market cap of $47.36 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 52-week low of $44.17 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.74%. Dominion Energy’s payout ratio is 98.89%.

Dominion Energy Company 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.