HB Wealth Management LLC Purchases 4,861 Shares of Dominion Energy, Inc. (NYSE:D)

HB Wealth Management LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,993 shares of the utilities provider's stock after acquiring an additional 4,861 shares during the quarter. HB Wealth Management LLC's holdings in Dominion Energy were worth $1,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of D. Dimensional Fund Advisors LP grew its holdings in Dominion Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider's stock valued at $104,253,000 after purchasing an additional 89,379 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $214,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Dominion Energy by 0.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider's stock valued at $2,898,000 after buying an additional 500 shares during the period. Intech Investment Management LLC lifted its position in shares of Dominion Energy by 175.0% during the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider's stock worth $1,938,000 after purchasing an additional 25,173 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in Dominion Energy by 3.9% in the 2nd quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider's stock valued at $336,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.28 during mid-day trading on Monday, reaching $55.34. The company had a trading volume of 4,655,433 shares, compared to its average volume of 3,195,633. The company has a 50 day moving average of $55.49 and a 200-day moving average of $55.81. 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 firm has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business's revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. Dominion Energy's dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

D has been the subject of several research reports. Scotiabank lifted their target price 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley initiated coverage on 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. Finally, Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $56.58.

Dominion Energy 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.