Bryce Point Capital LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,525 shares of the utilities provider's stock, valued at approximately $513,000.
A number of other hedge funds also recently bought and sold shares of D. Cape Investment Advisory Inc. grew its stake in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy in the fourth quarter worth $27,000. Fairway Wealth LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $57.00.
View Our Latest Research Report on Dominion Energy
Dominion Energy Trading Up 5.6 %
Dominion Energy stock traded up $2.76 during midday trading on Wednesday, hitting $52.42. 9,852,549 shares of the stock were exchanged, compared to its average volume of 4,308,631. The stock's 50-day simple moving average is $54.85 and its 200 day simple moving average is $55.88. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $44.67 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.22 and a beta of 0.57.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.09%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.
Dominion Energy Profile
(
Free Report)
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.
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