Crowley Wealth Management Inc. Takes $270,000 Position in Dominion Energy, Inc. (NYSE:D)

Crowley Wealth Management Inc. acquired a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,010 shares of the utilities provider's stock, valued at approximately $270,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock worth $298,481,000 after purchasing an additional 43,055 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after buying an additional 3,278,175 shares during the period. Barclays PLC lifted its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after buying an additional 404,868 shares in the last quarter. Czech National Bank boosted its position in Dominion Energy by 6.6% in the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock valued at $9,810,000 after buying an additional 11,231 shares during the period. Finally, HB Wealth Management LLC increased its position in shares of Dominion Energy by 15.6% during the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock worth $1,939,000 after acquiring an additional 4,861 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

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Dominion Energy Stock Performance

NYSE D traded up $0.59 during trading hours on Thursday, hitting $54.45. The company had a trading volume of 5,189,856 shares, compared to its average volume of 4,031,728. The business has a 50 day moving average of $55.18 and a 200-day moving average of $56.21. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a market cap of $46.39 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate 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 expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

A number of research firms recently issued reports on D. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday. Finally, UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.58.

About Dominion Energy

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.