Dominion Energy, Inc. (NYSE:D) Shares Bought by Optimum Investment Advisors

Optimum Investment Advisors grew its stake in Dominion Energy, Inc. (NYSE:D) by 557.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,700 shares of the utilities provider’s stock after purchasing an additional 3,137 shares during the period. Optimum Investment Advisors’ holdings in Dominion Energy were worth $199,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of D. Cape Investment Advisory Inc. lifted its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department purchased a new position in shares of Dominion Energy during the 4th quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $54.51 on Friday. The stock’s 50 day moving average price is $55.19 and its 200 day moving average price is $56.30. The firm has a market cap of $46.44 billion, a P/E ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.58. 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, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analyst Weigh In

D has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $57.58.

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.