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

Proficio Capital Partners LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 157,810 shares of the utilities provider's stock, valued at approximately $8,500,000.

A number of other large investors have also recently modified their holdings of D. BankPlus Trust Department bought a new position in shares of Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter worth $32,000. Finally, Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after purchasing an additional 487 shares during the period. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in 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 began coverage on shares of Dominion Energy in a research report 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 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $57.00.

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Dominion Energy Stock Performance

D traded down $0.70 on Thursday, reaching $53.40. The stock had a trading volume of 1,635,613 shares, compared to its average volume of 4,738,883. The business's 50-day moving average price is $55.03 and its two-hundred day moving average price is $56.43. The company has a market cap of $45.50 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

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.