Sanctuary Advisors LLC increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,602 shares of the utilities provider's stock after buying an additional 9,797 shares during the quarter. Sanctuary Advisors LLC's holdings in Dominion Energy were worth $9,800,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in D. Roble Belko & Company Inc bought a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter worth approximately $32,000. Dunhill Financial LLC grew 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 buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors.
Dominion Energy Stock Up 1.9 %
NYSE:D traded up $1.06 on Friday, hitting $57.38. 5,117,359 shares of the company's stock traded hands, compared to its average volume of 4,602,955. 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 1 year low of $44.17 and a 1 year high of $61.97. The firm has a 50-day moving average price of $54.51 and a 200-day moving average price of $56.32. The company has a market cap of $48.20 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61.
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, beating 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%. Equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
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 $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is 98.89%.
Analyst Ratings Changes
D has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Finally, Scotiabank increased their price target 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $56.58.
Check Out Our Latest Report on Dominion Energy
Dominion Energy Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Dominion Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dominion Energy wasn't on the list.
While Dominion Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
