Hardin Capital Partners LLC Raises Position in Dominion Energy, Inc. (NYSE:D)

Hardin Capital Partners LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,684 shares of the utilities provider’s stock after buying an additional 240 shares during the quarter. Hardin Capital Partners LLC’s holdings in Dominion Energy were worth $468,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC grew its stake in Dominion Energy by 63.5% during 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 in the last quarter. American Century Companies Inc. grew its position in shares of Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Point72 Asset Management L.P. increased its stake 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 worth $130,074,000 after buying an additional 2,229,220 shares during the last quarter. State Street Corp raised its holdings in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after acquiring an additional 1,365,555 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Dominion Energy during the 4th quarter valued at $71,409,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 2.7 %

Dominion Energy stock opened at $52.86 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The company has a 50-day simple moving average of $55.19 and a 200-day simple moving average of $56.24. The firm has a market capitalization of $45.04 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted 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%. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on D shares. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley upped 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. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.58.

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.