Summit Trail Advisors LLC grew its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 83.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,194 shares of the utilities provider's stock after purchasing an additional 4,626 shares during the quarter. Summit Trail Advisors LLC's holdings in Dominion Energy were worth $549,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of D. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after acquiring an additional 487 shares during 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 worth $35,000 after acquiring an additional 449 shares during the last quarter. Institutional investors own 73.04% of the company's stock.
Dominion Energy Stock Down 2.0 %
D traded down $1.14 during trading on Friday, reaching $55.58. 3,663,652 shares of the stock were exchanged, compared to its average volume of 4,632,855. The stock has a market cap of $46.68 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.18 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 50 day moving average price is $54.42 and its two-hundred day moving average price is $56.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.
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 for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.80%. Dominion Energy's payout ratio is 93.68%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. The Goldman Sachs Group restated a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus price target of $56.58.
Check Out Our Latest Stock Report on Dominion Energy
About Dominion Energy
(
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.
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