Smith Group Asset Management LLC Buys New Shares in Dominion Energy, Inc. (NYSE:D)

Smith Group Asset Management LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,800 shares of the utilities provider's stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Marshall Wace LLP bought a new position in Dominion Energy in the 2nd quarter worth $1,651,000. AQR Capital Management LLC raised its holdings in Dominion Energy by 201.9% in the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider's stock worth $1,654,000 after acquiring an additional 22,567 shares during the period. Creative Planning raised its holdings in Dominion Energy by 1.1% in the 2nd quarter. Creative Planning now owns 236,057 shares of the utilities provider's stock worth $11,567,000 after acquiring an additional 2,606 shares during the period. NewEdge Advisors LLC grew its position in Dominion Energy by 31.5% in the 2nd quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider's stock worth $2,656,000 after purchasing an additional 12,999 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of Dominion Energy during the 2nd quarter worth about $36,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 1.0 %

NYSE D traded up $0.57 during trading hours on Thursday, hitting $55.67. The company's stock had a trading volume of 501,476 shares, compared to its average volume of 4,315,259. The stock has a fifty day moving average of $55.06 and a 200 day moving average of $56.03. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market capitalization of $46.76 billion, a P/E ratio of 19.53, a PEG ratio of 1.15 and a beta of 0.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Dominion Energy's revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on D. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. The Goldman Sachs Group restated a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. 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 on the stock. Eleven investment 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 a consensus rating of "Hold" and an average price target of $56.58.

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.