Price T Rowe Associates Inc. MD Purchases 2,801,687 Shares of Dominion Energy, Inc. (NYSE:D)

Price T Rowe Associates Inc. MD grew its position in Dominion Energy, Inc. (NYSE:D) by 12.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,494,873 shares of the utilities provider’s stock after acquiring an additional 2,801,687 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Dominion Energy were worth $1,204,904,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Dominion Energy by 1,232.8% in the 1st quarter. Lazard Asset Management LLC now owns 18,179 shares of the utilities provider’s stock valued at $893,000 after acquiring an additional 16,815 shares during the last quarter. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter valued at $32,000. 1832 Asset Management L.P. acquired a new stake in Dominion Energy in the first quarter valued at $39,258,000. Quadrature Capital Ltd acquired a new stake in Dominion Energy in the first quarter valued at $2,850,000. Finally, Capital Research Global Investors increased its holdings in Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.8 %

Shares of D traded up $0.40 during trading hours on Friday, hitting $52.70. The stock had a trading volume of 2,994,129 shares, compared to its average volume of 3,121,377. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $51.15 and a 200-day simple moving average of $49.13. The firm has a market capitalization of $44.14 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.58. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.30.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 annualized dividend and a yield of 5.07%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. Mizuho increased their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. BMO Capital Markets decreased their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Evercore ISI increased their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Barclays decreased their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $51.64.

About Dominion Energy

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.