Dominion Energy, Inc. (NYSE:D) Shares Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 31.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,039 shares of the utilities provider’s stock after purchasing an additional 1,453 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Dominion Energy were worth $325,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Covestor Ltd raised its holdings in Dominion Energy by 16.9% in the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock valued at $81,000 after buying an additional 217 shares during the period. Argent Trust Co increased its position in shares of Dominion Energy by 7.2% in the fourth quarter. Argent Trust Co now owns 36,422 shares of the utilities provider’s stock worth $1,962,000 after acquiring an additional 2,440 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Dominion Energy by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 464,840 shares of the utilities provider’s stock valued at $25,036,000 after acquiring an additional 6,001 shares during the period. Legacy Financial Advisors Inc. lifted its holdings in shares of Dominion Energy by 26.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 9,310 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in Dominion Energy by 24.8% during the 4th quarter. Scotia Capital Inc. now owns 11,102 shares of the utilities provider’s stock worth $598,000 after purchasing an additional 2,205 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on D. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Price Performance

Shares of D opened at $52.67 on Friday. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market cap of $44.89 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. The stock has a 50 day moving average of $54.74 and a 200-day moving average of $55.81.

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

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.07%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Dominion Energy 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.