Stonegate Investment Group LLC Boosts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Stonegate Investment Group LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,321 shares of the utilities provider’s stock after purchasing an additional 243 shares during the quarter. Stonegate Investment Group LLC’s holdings in Dominion Energy were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC increased its holdings in shares of Dominion Energy by 59.2% in the 4th quarter. Perigon Wealth Management LLC now owns 6,176 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 2,296 shares in the last quarter. Jeppson Wealth Management LLC grew its position in Dominion Energy by 2.9% during the fourth quarter. Jeppson Wealth Management LLC now owns 12,826 shares of the utilities provider’s stock worth $691,000 after buying an additional 359 shares during the period. Bay Rivers Group increased its holdings in Dominion Energy by 2.1% in the fourth quarter. Bay Rivers Group now owns 29,768 shares of the utilities provider’s stock valued at $1,603,000 after buying an additional 621 shares in the last quarter. Nilsine Partners LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $722,000. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Dominion Energy by 3.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 11,763 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on D shares. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Down 0.7 %

Shares of NYSE D opened at $55.34 on Wednesday. The firm has a market cap of $46.48 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. 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 $43.53 and a 1 year high of $61.97. The firm’s 50 day moving average price is $55.16 and its 200 day moving average price is $56.01.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. Dominion Energy’s payout ratio is currently 93.68%.

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.