KBC Group NV Buys 2,833 Shares of Dominion Energy, Inc. (NYSE:D)

KBC Group NV boosted its stake in Dominion Energy, Inc. (NYSE:DFree Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,277 shares of the utilities provider’s stock after acquiring an additional 2,833 shares during the quarter. KBC Group NV’s holdings in Dominion Energy were worth $2,598,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $30,000. Venturi Wealth Management LLC increased its stake in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its stake in Dominion Energy by 91.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock valued at $37,000 after buying an additional 400 shares during the last quarter. Finally, Operose Advisors LLC increased its stake in shares of Dominion Energy by 60.3% during the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 311 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $51.44 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $43.09 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.40 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $54.74. The firm has a 50-day moving average price of $51.26 and a two-hundred day moving average price of $48.40.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm 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 business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Scotiabank lowered 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 note 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 note on Friday, May 3rd. Barclays lowered their price objective 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. Finally, BMO Capital Markets boosted their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.73.

Read Our Latest Stock Report on Dominion Energy

About Dominion Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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