Commonwealth Equity Services LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Commonwealth Equity Services LLC boosted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 594,000 shares of the utilities provider's stock after purchasing an additional 19,060 shares during the period. Commonwealth Equity Services LLC owned approximately 0.07% of Dominion Energy worth $31,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. PGGM Investments purchased a new position in Dominion Energy in the 4th quarter worth about $2,126,000. HBK Sorce Advisory LLC grew its stake in Dominion Energy by 3.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 8,839 shares of the utilities provider's stock worth $476,000 after acquiring an additional 283 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Dominion Energy during the fourth quarter worth approximately $8,349,000. Avantax Advisory Services Inc. boosted its holdings in shares of Dominion Energy by 5.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 64,769 shares of the utilities provider's stock valued at $3,488,000 after purchasing an additional 3,112 shares during the period. Finally, Essential Planning LLC. purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $5,563,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock traded up $0.18 on Wednesday, reaching $54.95. The stock had a trading volume of 4,311,586 shares, compared to its average volume of 4,821,361. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a 50 day moving average price of $55.15 and a 200 day moving average price of $56.33. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.82 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.22 and a beta of 0.58.

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Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's dividend payout ratio is presently 98.89%.

Analyst Ratings Changes

A number of brokerages have weighed in on D. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and a consensus target price of $57.18.

Dominion Energy Company Profile

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.