Gallagher Fiduciary Advisors LLC Takes $1.56 Million Position in Dominion Energy, Inc. (NYSE:D)

Gallagher Fiduciary Advisors LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,898 shares of the utilities provider’s stock, valued at approximately $1,560,000.

A number of other hedge funds have also modified their holdings of D. Dodge & Cox acquired a new stake in Dominion Energy during the first quarter worth about $828,901,000. Moneta Group Investment Advisors LLC increased its position in shares of Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after acquiring an additional 9,854,975 shares during the last quarter. Norges Bank acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $332,276,000. FMR LLC increased its position in shares of Dominion Energy by 18.9% during the first quarter. FMR LLC now owns 17,241,957 shares of the utilities provider’s stock valued at $963,998,000 after acquiring an additional 2,738,973 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Dominion Energy by 197.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,807,950 shares of the utilities provider’s stock valued at $233,503,000 after acquiring an additional 2,526,350 shares during the last quarter. 70.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on D. 51job reiterated a “maintains” rating on shares of Dominion Energy in a research report on Friday, June 9th. Barclays began coverage on shares of Dominion Energy in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $52.00 price target for the company. Wells Fargo & Company dropped their price target on shares of Dominion Energy from $61.00 to $55.00 in a research report on Monday, July 3rd. Mizuho lowered their price objective on shares of Dominion Energy from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, September 6th. Finally, Bank of America lowered their price objective on shares of Dominion Energy from $54.00 to $52.00 in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.33.

Dominion Energy Stock Down 0.0 %

Shares of Dominion Energy stock opened at $47.29 on Tuesday. The company has a market capitalization of $39.57 billion, a P/E ratio of 17.52, a P/E/G ratio of 3.33 and a beta of 0.46. The company has a quick ratio of 0.44, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. Dominion Energy, Inc. has a 52-week low of $45.76 and a 52-week high of $83.98. The company has a 50 day moving average of $50.31 and a 200 day moving average of $53.02.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.45 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.67 annualized dividend and a yield of 5.65%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.