Capital Innovations LLC bought a new stake in Dominion Energy Inc. (NYSE:D – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,605 shares of the utilities provider’s stock, valued at approximately $3,609,000.
Other institutional investors also recently bought and sold shares of the company. Triumph Capital Management bought a new position in Dominion Energy in the third quarter valued at about $28,000. Blueline Advisors LLC bought a new position in Dominion Energy in the fourth quarter valued at about $28,000. United Community Bank bought a new position in Dominion Energy in the third quarter valued at about $29,000. Costello Asset Management INC lifted its holdings in Dominion Energy by 66.7% in the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, JPL Wealth Management LLC bought a new position in Dominion Energy in the third quarter valued at about $30,000. Institutional investors own 73.04% of the company’s stock.
Dominion Energy Stock Up 2.8%
NYSE D opened at $66.39 on Wednesday. The stock’s 50-day moving average price is $63.35 and its 200-day moving average price is $61.93. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $68.97. The company has a market capitalization of $58.39 billion, a P/E ratio of 19.64 and a beta of 0.65.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is 78.99%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on D. Wells Fargo & Company increased their target price on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Bank of America increased their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Finally, Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.69.
Get Our Latest Stock Report on D
Dominion Energy Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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