Meeder Asset Management Inc. Purchases Shares of 37,315 Dominion Energy, Inc. (NYSE:D)

Meeder Asset Management Inc. purchased a new position in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,315 shares of the utilities provider’s stock, valued at approximately $2,010,000.

Several other institutional investors have also modified their holdings of D. Cape Investment Advisory Inc. increased its stake 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 last quarter. BankPlus Trust Department purchased a new position in shares of Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter worth $27,000. Fairway Wealth LLC purchased a new stake in Dominion Energy in the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of 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 purchasing an additional 260 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.9 %

Dominion Energy stock opened at $54.98 on Monday. The stock’s 50 day moving average price is $55.17 and its 200 day moving average price is $56.18. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a market cap of $46.85 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date 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 research reports. UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Thirteen 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.com, the company has an average rating of “Hold” and a consensus 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.