NewEdge Wealth LLC Has $2.47 Million Holdings in Dominion Energy, Inc. (NYSE:D)

NewEdge Wealth LLC raised its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,801 shares of the utilities provider's stock after buying an additional 4,502 shares during the period. NewEdge Wealth LLC's holdings in Dominion Energy were worth $2,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BankPlus Trust Department acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at approximately $32,000. Finally, Dunhill Financial LLC boosted its holdings in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after buying an additional 487 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D traded down $2.08 during trading hours on Tuesday, reaching $54.79. 5,269,491 shares of the stock were exchanged, compared to its average volume of 4,748,108. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.22 and a beta of 0.58. The stock's fifty day simple moving average is $55.01 and its 200 day simple moving average is $56.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52 week low of $45.99 and a 52 week high of $61.97.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.87%. Dominion Energy's payout ratio is presently 98.89%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotiabank upped their price target 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. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.