Maridea Wealth Management LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Maridea Wealth Management LLC acquired a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,677 shares of the utilities provider's stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also modified their holdings of D. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after buying an additional 674,859 shares during the period. State Street Corp raised its position in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. JPMorgan Chase & Co. lifted its holdings in Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock valued at $1,032,941,000 after purchasing an additional 367,193 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 7.7% during the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock worth $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Down 0.2 %

D stock traded down $0.14 during trading on Wednesday, reaching $56.12. 1,112,405 shares of the stock were exchanged, compared to its average volume of 4,209,794. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.22 and a beta of 0.59. The business has a 50 day moving average price of $55.19 and a 200-day moving average price of $56.15. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid 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 4.76%. Dominion Energy's payout ratio is presently 98.89%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on D shares. Morgan Stanley lifted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Scotiabank increased their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.58.

Dominion Energy Company 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.