Spectrum Wealth Advisory Group LLC Buys Shares of 4,548 Dominion Energy, Inc. (NYSE:D)

Spectrum Wealth Advisory Group LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,548 shares of the utilities provider's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BLB&B Advisors LLC increased its stake in shares of Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after purchasing an additional 173 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock valued at $450,000 after purchasing an additional 195 shares during the period. Passumpsic Savings Bank increased its stake in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 199 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Dominion Energy by 3.5% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 200 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Dominion Energy stock traded up $0.72 during mid-day trading on Thursday, hitting $56.39. The company's stock had a trading volume of 4,128,533 shares, compared to its average volume of 4,587,368. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $47.36 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The stock's fifty day moving average price is $54.46 and its two-hundred day moving average price is $56.32.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly 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%. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is 98.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on D shares. The Goldman Sachs Group restated a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective on the stock. Finally, Scotiabank raised their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.58.

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.