RWC Asset Management LLP Increases Stake in Dominion Energy, Inc. (NYSE:D)

RWC Asset Management LLP boosted its stake in Dominion Energy, Inc. (NYSE:D) by 117.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 582,044 shares of the utilities provider’s stock after purchasing an additional 314,652 shares during the quarter. Dominion Energy comprises 1.6% of RWC Asset Management LLP’s portfolio, making the stock its 20th largest position. RWC Asset Management LLP’s holdings in Dominion Energy were worth $31,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after acquiring an additional 43,055 shares during the period. Ascent Wealth Partners LLC purchased a new stake in Dominion Energy during the 3rd quarter worth $1,223,000. Hotchkis & Wiley Capital Management LLC increased its holdings in 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 in the last quarter. Finally, Barclays PLC raised its position in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Scotiabank boosted their price target 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 1.9 %

Shares of NYSE:D opened at $57.38 on Monday. The company has a fifty day simple moving average of $54.58 and a 200 day simple moving average of $56.37. The firm has a market cap of $48.20 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.