CIBC Private Wealth Group LLC Raises Position in Dominion Energy, Inc. (NYSE:D)

CIBC Private Wealth Group LLC raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 397.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 709,944 shares of the utilities provider’s stock after buying an additional 567,135 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Dominion Energy were worth $38,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in D. Summit Securities Group LLC lifted its holdings in shares of Dominion Energy by 5,500.0% during the 4th quarter. Summit Securities Group LLC now owns 5,600 shares of the utilities provider’s stock worth $302,000 after acquiring an additional 5,500 shares during the last quarter. Schroder Investment Management Group raised its position in Dominion Energy by 55.0% during the fourth quarter. Schroder Investment Management Group now owns 1,243,438 shares of the utilities provider’s stock valued at $66,984,000 after purchasing an additional 441,402 shares in the last quarter. Allianz SE bought a new stake in Dominion Energy during the fourth quarter worth about $437,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Dominion Energy in the 4th quarter worth about $771,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at about $80,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

D opened at $54.98 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a market capitalization of $46.85 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The stock’s 50 day moving average price is $55.17 and its 200-day moving average price is $56.18. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.86%. Dominion Energy’s payout ratio is 98.89%.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price target on shares of 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, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.58.

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.