Dominion Energy, Inc. (NYSE:D) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 190,074 shares of the utilities provider’s stock after buying an additional 8,349 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Dominion Energy were worth $10,237,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. American Century Companies Inc. lifted its stake in Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after buying an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Dominion Energy by 10,324.8% in the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp grew its position in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Dominion Energy in the 4th quarter valued at $71,409,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.5 %

Dominion Energy stock opened at $54.29 on Tuesday. The stock’s 50 day moving average price is $55.21 and its 200 day moving average price is $56.27. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. The company has a market cap of $46.26 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Company 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.