RFG Bristol Wealth Advisors LLC Purchases Shares of 10,658 Dominion Energy, Inc. (NYSE:D)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,658 shares of the utilities provider's stock, valued at approximately $574,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. StoneX Group Inc. acquired a new position in Dominion Energy in the fourth quarter valued at about $905,000. National Bank of Canada FI lifted its position in Dominion Energy by 1.8% during the fourth quarter. National Bank of Canada FI now owns 475,639 shares of the utilities provider's stock worth $25,438,000 after purchasing an additional 8,625 shares during the period. Franklin Resources Inc. grew its stake in Dominion Energy by 2.6% during the fourth quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock worth $481,728,000 after buying an additional 225,339 shares in the last quarter. Finally, Hoey Investments Inc. bought a new position in Dominion Energy in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

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

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Dominion Energy Trading Down 6.1 %

NYSE:D traded down $3.42 during mid-day trading on Friday, hitting $52.83. 8,631,022 shares of the company's stock were exchanged, compared to its average volume of 4,244,841. 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, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company has a 50 day simple moving average of $55.31 and a 200-day simple moving average of $56.10. The firm has a market capitalization of $45.02 billion, a P/E ratio of 19.57, a PEG ratio of 1.22 and a beta of 0.57.

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 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%. As a group, research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. 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 5.05%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

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.