Legal & General Group Plc Has $331.42 Million Position in Dominion Energy Inc (D)

Legal & General Group Plc raised its position in shares of Dominion Energy Inc (NYSE:D) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,637,809 shares of the utilities provider’s stock after buying an additional 118,660 shares during the quarter. Legal & General Group Plc’s holdings in Dominion Energy were worth $331,418,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc boosted its position in shares of Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after buying an additional 825,191 shares during the period. BlackRock Inc. boosted its position in shares of Dominion Energy by 2.2% in the fourth quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock worth $3,373,599,000 after buying an additional 1,032,107 shares during the period. Geode Capital Management LLC boosted its position in shares of Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after buying an additional 1,697,619 shares during the period. Northern Trust Corp boosted its position in shares of Dominion Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock worth $599,737,000 after buying an additional 613,093 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after buying an additional 1,413,097 shares during the period. 58.26% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Diane Leopold sold 2,500 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the transaction, the chief executive officer now owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Maybank Hagood purchased 1,965 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $76.34 per share, with a total value of $150,008.10. Following the acquisition, 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 0.34% of the company’s stock.

Several equities research analysts have recently weighed in on D shares. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Mizuho started coverage on Dominion Energy in a research report on Monday, March 11th. They issued a “neutral” rating and a $76.00 target price for the company. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $75.00 to $84.00 in a research report on Thursday, November 29th. Finally, Wolfe Research set a $79.00 target price on Dominion Energy and gave the stock a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus price target of $84.31.

Shares of D opened at $75.32 on Friday. The stock has a market capitalization of $59.91 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 3.28 and a beta of 0.22. Dominion Energy Inc has a one year low of $61.53 and a one year high of $77.22. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. On average, research analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.9175 dividend. The ex-dividend date was Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a yield of 4.87%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio is currently 90.62%.

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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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Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).

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

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