29,700 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,700 shares of the utilities provider's stock, valued at approximately $1,600,000.

Several other large investors also recently modified their holdings of the business. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the third quarter valued at about $32,000. Dunhill Financial LLC raised its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after buying an additional 487 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after buying an additional 449 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $36,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock traded up $0.33 during trading hours on Friday, reaching $54.73. 3,366,292 shares of the company traded hands, compared to its average volume of 3,524,846. The firm has a 50-day moving average price of $56.33 and a 200 day moving average price of $55.38. The company has a market cap of $45.97 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.44 and a beta of 0.60. 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, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the firm earned $0.77 EPS. The company's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.88%. Dominion Energy's payout ratio is 93.68%.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent research reports. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank raised their price objective 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. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.58.

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.