Dominion Energy, Inc. (NYSE:D) Shares Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,252 shares of the utilities provider’s stock after purchasing an additional 398 shares during the quarter. Mystic Asset Management Inc.’s holdings in Dominion Energy were worth $337,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC raised its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 195 shares during the last quarter. Choate Investment Advisors raised its stake in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 198 shares during the last quarter. Passumpsic Savings Bank raised its stake in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares during the last quarter. Finally, Meridian Financial Partners LLC raised its stake in Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Dominion Energy Stock Up 0.1 %

Shares of NYSE:D opened at $54.77 on Wednesday. The stock has a market capitalization of $46.66 billion, a P/E ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The stock has a 50-day simple moving average of $55.15 and a 200-day simple moving average of $56.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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

Dominion Energy Dividend Announcement

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 issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.