Advocate Group LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

Advocate Group LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,367 shares of the utilities provider’s stock after buying an additional 901 shares during the quarter. Advocate Group LLC’s holdings in Dominion Energy were worth $7,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter valued at about $32,000. Dunhill Financial LLC lifted its stake in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.5 %

Shares of D opened at $53.48 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a 50 day simple moving average of $55.20 and a two-hundred day simple moving average of $55.89. The firm has a market cap of $44.93 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on D. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy 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.