Dominion Energy, Inc. (NYSE:D) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 57,451 shares of the utilities provider’s stock after acquiring an additional 1,825 shares during the quarter. D.A. Davidson & CO.’s holdings in Dominion Energy were worth $3,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC grew its position in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $56.39 on Friday. 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 company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.21 and a beta of 0.61. The company’s 50 day simple moving average is $54.51 and its 200 day simple moving average is $56.32. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97.

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 net margin of 16.22% and a return on equity of 8.99%. On average, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

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.