Dimensional Fund Advisors LP Has $87.43 Million Position in Dominion Energy Inc (D)

Dimensional Fund Advisors LP increased its position in shares of Dominion Energy Inc (NYSE:D) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,131 shares of the utilities provider’s stock after purchasing an additional 62,702 shares during the period. Dimensional Fund Advisors LP’s holdings in Dominion Energy were worth $87,429,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Dominion Energy in the fourth quarter valued at $27,000. Athena Capital Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at $28,000. Heritage Trust Co boosted its stake in Dominion Energy by 58.8% in the fourth quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 150 shares in the last quarter. Lindbrook Capital LLC acquired a new position in Dominion Energy in the fourth quarter valued at $38,000. Finally, Clean Yield Group acquired a new position in Dominion Energy in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 59.38% of the company’s stock.

Shares of NYSE:D opened at $75.60 on Friday. The stock has a market capitalization of $60.43 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 3.69 and a beta of 0.23. Dominion Energy Inc has a one year low of $61.53 and a one year high of $77.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a yield of 4.85%. Dominion Energy’s dividend payout ratio is currently 90.62%.

In other Dominion Energy news, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the transaction, the director now directly owns 23,598 shares in the company, valued at $1,793,683.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D Maybank Hagood bought 1,965 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the completion of the transaction, the director now directly owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Credit Suisse Group set a $77.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a research note on Monday, April 22nd. Wolfe Research set a $79.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a research note on Monday, March 18th. TheStreet downgraded shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Finally, Mizuho assumed coverage on shares of Dominion Energy in a research note on Monday, March 11th. They issued a “neutral” rating and a $76.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.00.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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