Zurcher Kantonalbank Zurich Cantonalbank Purchases 20,257 Shares of Dominion Energy, Inc. (NYSE:D)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,611 shares of the utilities provider’s stock after purchasing an additional 20,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dominion Energy were worth $11,497,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after acquiring an additional 1,928,823 shares during the period. Wellington Management Group LLP boosted its holdings in Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after acquiring an additional 14,105,237 shares during the period. Geode Capital Management LLC boosted its holdings in Dominion Energy by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock valued at $823,620,000 after acquiring an additional 303,891 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Dominion Energy by 93,554.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock valued at $604,953,000 after acquiring an additional 9,854,975 shares during the period. Finally, Northern Trust Corp boosted its holdings in Dominion Energy by 2.7% during the 1st quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock valued at $754,843,000 after acquiring an additional 234,077 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Dominion Energy Trading Up 2.6 %

NYSE D opened at $49.84 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90. The firm has a market capitalization of $41.75 billion, a PE ratio of 21.39, a P/E/G ratio of 1.91 and a beta of 0.61. The stock’s 50 day moving average is $47.61 and its 200 day moving average is $46.06.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Research analysts forecast that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on D. Guggenheim cut their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Monday, March 11th. Scotiabank cut their price objective on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Mizuho cut their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price objective on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.10.

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.