Essential Planning LLC. purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 97,500 shares of the utilities provider's stock, valued at approximately $5,563,000.
Several other large investors have also recently bought and sold shares of the business. Simon Quick Advisors LLC increased its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its position in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after purchasing an additional 195 shares during the last quarter. Passumpsic Savings Bank increased its position in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after purchasing an additional 199 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Dominion Energy by 0.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider's stock worth $1,946,000 after acquiring an additional 208 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its stake in Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock valued at $752,000 after purchasing an additional 219 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.18.
Read Our Latest Stock Report on Dominion Energy
Dominion Energy Stock Performance
Shares of D stock opened at $55.15 on Wednesday. The business's 50 day simple moving average is $55.13 and its 200 day simple moving average is $56.39. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The stock has a market capitalization of $46.99 billion, a PE ratio of 20.43, a PEG ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.
Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results 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, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy's payout ratio is 98.89%.
Dominion Energy Company Profile
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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.
Further Reading
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