RiverFront Investment Group LLC Acquires 1,137 Shares of Dominion Energy, Inc. (NYSE:D)

RiverFront Investment Group LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,881 shares of the utilities provider’s stock after acquiring an additional 1,137 shares during the period. RiverFront Investment Group LLC’s holdings in Dominion Energy were worth $532,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Simon Quick Advisors LLC increased its position in Dominion Energy by 4.5% during 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 period. Cobblestone Capital Advisors LLC NY increased its position in shares of Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares during the period. Choate Investment Advisors raised its stake in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Finally, Meridian Financial Partners LLC boosted its position in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $54.98 on Friday. The firm has a market capitalization of $46.85 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. The stock has a 50 day moving average price of $55.17 and a two-hundred day moving average price of $56.18. 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 announced its quarterly 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%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 yield of 4.86%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analyst Weigh In

D has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $57.58.

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.