Sequoia Financial Advisors LLC Acquires 1,144 Shares of Dominion Energy, Inc. (NYSE:D)

Sequoia Financial Advisors LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,429 shares of the utilities provider’s stock after purchasing an additional 1,144 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dominion Energy were worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cape Investment Advisory Inc. grew its stake in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the 4th quarter valued at about $27,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on D shares. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Stock Performance

NYSE D opened at $54.64 on Friday. The firm has a market cap of $46.55 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 company’s 50 day moving average is $55.12 and its 200-day moving average is $56.35. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

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.