Cohen & Steers Inc. boosted its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,101,859 shares of the utilities provider’s stock after acquiring an additional 127,686 shares during the quarter. Cohen & Steers Inc.’s holdings in Dominion Energy were worth $181,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of D. Triumph Capital Management purchased a new stake in Dominion Energy in the third quarter worth about $28,000. Blueline Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter worth about $28,000. Costello Asset Management INC grew its holdings in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Advocate Investing Services LLC purchased a new stake in Dominion Energy in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Dominion Energy in the third quarter worth about $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Dominion Energy Stock Up 1.8%
Shares of Dominion Energy stock opened at $67.89 on Friday. The company has a market cap of $59.71 billion, a price-to-earnings ratio of 20.09 and a beta of 0.65. The company’s 50 day moving average is $64.37 and its 200 day moving average is $62.27. Dominion Energy Inc. has a twelve month low of $53.36 and a twelve month high of $68.97. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Shareholders of record on Friday, May 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.
Wall Street Analyst Weigh In
D has been the topic of several analyst reports. Wall Street Zen downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Bank of America upped their target price on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Barclays upped their target price on shares of Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company upped their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $67.69.
Get Our Latest Research Report on Dominion Energy
Dominion Energy Company Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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