Edge Capital Group LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Edge Capital Group LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,496 shares of the utilities provider’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Howard Capital Management Group LLC bought a new stake in shares of Dominion Energy during the third quarter worth approximately $210,000. Mediolanum International Funds Ltd acquired a new stake in Dominion Energy during the 3rd quarter worth $757,000. Allworth Financial LP raised its position in shares of Dominion Energy by 5.8% during the 3rd quarter. Allworth Financial LP now owns 19,003 shares of the utilities provider’s stock valued at $1,098,000 after acquiring an additional 1,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Dominion Energy by 40.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,436 shares of the utilities provider’s stock valued at $4,359,000 after purchasing an additional 21,916 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Dominion Energy by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,361 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank upped their price target 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. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $56.85 on Tuesday. The company has a market capitalization of $47.75 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50 day moving average price is $54.64 and its two-hundred day moving average price is $56.39.

Dominion Energy (NYSE:D) last issued 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%. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given 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 4.70%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.