First Eagle Investment Management LLC Invests $134,000 in Dominion Energy, Inc. (NYSE:D)

First Eagle Investment Management LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,497 shares of the utilities provider’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at about $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $32,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.0 %

D stock opened at $54.64 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $46.55 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The business has a 50-day moving average of $55.12 and a 200-day moving average of $56.35.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.89%. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on D. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $57.18.

Dominion Energy 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.