Jones Financial Companies Lllp boosted its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,874 shares of the utilities provider's stock after buying an additional 22,090 shares during the period. Jones Financial Companies Lllp's holdings in Dominion Energy were worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its stake in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the fourth quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the third quarter valued at about $28,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the third quarter valued at about $32,000. 73.04% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.00.
Read Our Latest Analysis on Dominion Energy
Dominion Energy Stock Performance
NYSE:D traded up $1.52 during trading hours on Friday, hitting $55.21. 6,523,532 shares of the company were exchanged, compared to its average volume of 4,824,560. The company's 50 day moving average price is $55.05 and its 200-day moving average price is $56.40. The stock has a market capitalization of $47.04 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. 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 posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. Dominion Energy's payout ratio is currently 98.89%.
About Dominion Energy
(
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.
Featured Stories
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
