Pointe Capital Management LLC Has $469,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Pointe Capital Management LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,700 shares of the utilities provider’s stock after acquiring an additional 257 shares during the quarter. Pointe Capital Management LLC’s holdings in Dominion Energy were worth $469,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in D. BankPlus Trust Department purchased a new position in Dominion Energy during the 4th quarter valued at about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter valued at $32,000. Finally, Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0 %

Shares of D stock opened at $57.44 on Wednesday. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $48.25 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The stock has a 50 day moving average of $54.72 and a 200-day moving average of $56.41.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on D shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley started 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 for the company. Finally, Scotiabank increased 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. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Company 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.