World Equity Group Inc. bought a new position in Dominion Energy Inc. (NYSE:D – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 7,961 shares of the utilities provider’s stock, valued at approximately $544,000.
A number of other hedge funds have also bought and sold shares of the business. Motiv8 Investments LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $25,000. Blueline Advisors LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $28,000. Triumph Capital Management bought a new stake in shares of Dominion Energy during the third quarter valued at about $28,000. Costello Asset Management INC increased its position in shares of Dominion Energy by 66.7% during the fourth quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Finally, Advocate Investing Services LLC purchased a new stake in shares of Dominion Energy in the fourth quarter worth about $29,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Stock Down 0.4%
NYSE D opened at $67.14 on Tuesday. The business’s 50-day moving average is $68.93 and its 200 day moving average is $65.16. The stock has a market capitalization of $59.05 billion, a PE ratio of 23.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s payout ratio is presently 93.03%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on D. Mizuho upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Morgan Stanley reduced their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Barclays dropped their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $68.00.
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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