Hughes Financial Services LLC Acquires Shares of 8,240 Dominion Energy, Inc. (NYSE:D)

Hughes Financial Services LLC acquired a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,240 shares of the utilities provider's stock, valued at approximately $444,000.

A number of other hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the fourth quarter valued at about $26,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy during the fourth quarter valued at about $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the fourth quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the third quarter valued at about $32,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Scotiabank increased their price target on shares of 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, JPMorgan Chase & Co. increased their price objective 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $57.18.

Remove Ads

Dominion Energy Stock Performance

Shares of NYSE D traded up $0.06 during midday trading on Tuesday, reaching $54.77. 4,937,052 shares of the stock were exchanged, compared to its average volume of 4,082,381. The firm has a market cap of $46.66 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The firm has a 50-day simple moving average of $55.14 and a two-hundred day simple moving average of $56.34. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. Dominion Energy's dividend payout ratio is currently 98.89%.

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.