Opal Capital LLC acquired a new position in Dominion Energy Inc. (NYSE:D – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 133,850 shares of the utilities provider’s stock, valued at approximately $7,843,000. Dominion Energy makes up about 2.0% of Opal Capital LLC’s holdings, making the stock its 12th largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in D. Norges Bank acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $655,142,000. Capital Research Global Investors grew its holdings in shares of Dominion Energy by 22.4% during the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after purchasing an additional 10,049,691 shares during the period. ANTIPODES PARTNERS Ltd grew its holdings in shares of Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after purchasing an additional 1,733,143 shares during the period. State Street Corp grew its holdings in shares of Dominion Energy by 3.6% during the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Dominion Energy by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after purchasing an additional 1,298,881 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Price Performance
Shares of NYSE D opened at $68.51 on Wednesday. Dominion Energy Inc. has a 1-year low of $53.36 and a 1-year high of $69.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The business’s fifty day moving average price is $64.60 and its two-hundred day moving average price is $62.36. The firm has a market capitalization of $60.25 billion, a PE ratio of 20.27 and a beta of 0.65.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio is currently 78.99%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Barclays upped their price target on Dominion Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley decreased their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Scotiabank upped their price target on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.69.
View Our Latest Analysis 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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