Madison Investment Advisors LLC acquired a new position in Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,684 shares of the utilities provider's stock, valued at approximately $1,060,000.
Several other institutional investors and hedge funds have also modified their holdings of D. Simon Quick Advisors LLC boosted its stake in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of 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 valued at $450,000 after purchasing an additional 195 shares during the last quarter. Passumpsic Savings Bank boosted its position in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 199 shares during the period. Meridian Financial Partners LLC grew 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 worth $752,000 after buying an additional 219 shares during the last quarter. Finally, Register Financial Advisors LLC increased its position in Dominion Energy by 5.8% during the fourth quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider's stock worth $232,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.
Dominion Energy Price Performance
NYSE:D traded up $0.99 during mid-day trading on Wednesday, hitting $53.84. 3,617,844 shares of the company's stock traded hands, compared to its average volume of 4,053,991. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a market cap of $45.87 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm's 50 day simple moving average is $55.19 and its 200 day simple moving average is $56.24.
Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.
Analyst Ratings Changes
D has been the subject of several analyst reports. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. 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 research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $57.58.
Check Out Our Latest Stock Analysis on Dominion Energy
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.
See Also
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
