Beacon Investment Advisors LLC purchased a new stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,386 shares of the utilities provider’s stock, valued at approximately $433,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Analysts LLC lifted its stake in shares of Dominion Energy by 2.4% in the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 157 shares in the last quarter. Conning Inc. lifted its stake in shares of Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock worth $1,946,000 after acquiring an additional 176 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in shares of Dominion Energy by 2.6% in the fourth quarter. Castle Rock Wealth Management LLC now owns 6,885 shares of the utilities provider’s stock worth $422,000 after acquiring an additional 177 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Dominion Energy by 3.4% in the fourth quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 178 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its stake in shares of Dominion Energy by 0.6% in the second quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock worth $1,796,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Stock Performance
Shares of D stock opened at $68.51 on Wednesday. Dominion Energy Inc. has a 12-month low of $53.36 and a 12-month high of $69.25. The firm has a market capitalization of $60.26 billion, a price-to-earnings ratio of 20.27 and a beta of 0.65. The business has a 50 day simple moving average of $64.60 and a 200 day simple moving average of $62.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on D. Jefferies Financial Group upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $76.00 in a research note on Thursday, May 28th. Wells Fargo & Company upped their price objective on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Mizuho upped their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Scotiabank upped their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $67.69.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Company 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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