5,683 Shares in Dominion Energy, Inc. (NYSE:D) Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,683 shares of the utilities provider's stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Parkside Financial Bank & Trust grew its position in shares of Dominion Energy by 44.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,237 shares of the utilities provider's stock valued at $174,000 after purchasing an additional 993 shares during the last quarter. First Command Advisory Services Inc. grew its position in shares of Dominion Energy by 7.6% in the fourth quarter. First Command Advisory Services Inc. now owns 5,330 shares of the utilities provider's stock valued at $287,000 after purchasing an additional 375 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $8,500,000. New York Life Investment Management LLC grew its position in shares of Dominion Energy by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 112,300 shares of the utilities provider's stock valued at $6,048,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Schnieders Capital Management LLC grew its position in shares of Dominion Energy by 40.7% in the fourth quarter. Schnieders Capital Management LLC now owns 81,853 shares of the utilities provider's stock valued at $4,409,000 after purchasing an additional 23,675 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on D shares. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price on the stock. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and an average target price of $57.00.

Dominion Energy Price Performance

Shares of D stock traded up $1.52 during trading hours on Friday, reaching $55.21. The company's stock had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. The firm's 50 day simple moving average is $55.05 and its 200-day simple moving average is $56.40. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. 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 issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side 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 declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

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.