Sagespring Wealth Partners LLC Buys Shares of 9,678 Dominion Energy, Inc. (NYSE:D)

Sagespring Wealth Partners LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,678 shares of the utilities provider's stock, valued at approximately $521,000.

Other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC bought a new stake in Dominion Energy during the 3rd quarter worth approximately $210,000. Barclays PLC increased its holdings in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after purchasing an additional 404,868 shares during the period. M&T Bank Corp raised its position in shares of Dominion Energy by 1.5% in the third quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider's stock worth $8,787,000 after buying an additional 2,268 shares in the last quarter. Passumpsic Savings Bank boosted its stake in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after buying an additional 199 shares during the period. Finally, Morse Asset Management Inc purchased a new position in Dominion Energy during the third quarter worth about $734,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.0 %

Shares of D traded up $0.01 during mid-day trading on Friday, reaching $53.07. The company had a trading volume of 8,734,005 shares, compared to its average volume of 4,351,277. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market capitalization of $45.22 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm has a 50-day moving average price of $54.60 and a 200 day moving average price of $55.68.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 5.03%. Dominion Energy's payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $57.00.

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.