Proficio Capital Partners LLC Acquires New Position in Dominion Energy, Inc. (NYSE:D)

Proficio Capital Partners LLC bought a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,810 shares of the utilities provider's stock, valued at approximately $8,500,000.

Several other large investors also recently added to or reduced their stakes in D. M&T Bank Corp lifted its stake in shares of Dominion Energy by 2.6% in the fourth quarter. M&T Bank Corp now owns 156,073 shares of the utilities provider's stock worth $8,406,000 after buying an additional 4,017 shares during the last quarter. Oak Grove Capital LLC acquired a new position in Dominion Energy during the 4th quarter worth $11,378,000. Commerzbank Aktiengesellschaft FI boosted its holdings in Dominion Energy by 10.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,125 shares of the utilities provider's stock valued at $546,000 after acquiring an additional 947 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Dominion Energy by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,314,160 shares of the utilities provider's stock valued at $286,221,000 after purchasing an additional 149,231 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Dominion Energy by 92.1% in the fourth quarter. Meridian Wealth Management LLC now owns 11,860 shares of the utilities provider's stock worth $639,000 after purchasing an additional 5,687 shares during the period. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

NYSE D traded up $0.18 during trading hours on Wednesday, reaching $54.95. 2,781,351 shares of the company's stock were exchanged, compared to its average volume of 4,066,372. The firm has a fifty day moving average of $55.15 and a 200-day moving average of $56.33. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The stock has a market cap of $46.82 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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%. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share 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 issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's dividend payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Scotiabank upped 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 note on Thursday, December 12th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $57.18.

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.