Valmark Advisers Inc. Has $1.25 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Valmark Advisers Inc. raised its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 145.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,175 shares of the utilities provider's stock after purchasing an additional 13,724 shares during the period. Valmark Advisers Inc.'s holdings in Dominion Energy were worth $1,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Dominion Energy by 11.7% during the 4th quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider's stock valued at $1,124,000 after acquiring an additional 2,226 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider's stock valued at $851,000 after acquiring an additional 590 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Dominion Energy by 11.7% during the 4th quarter. WASHINGTON TRUST Co now owns 2,861 shares of the utilities provider's stock valued at $154,000 after acquiring an additional 299 shares during the last quarter. Campbell Wealth Management increased its holdings in shares of Dominion Energy by 11.0% during the 4th quarter. Campbell Wealth Management now owns 12,111 shares of the utilities provider's stock valued at $652,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $99,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $0.72 during trading on Thursday, hitting $56.39. 4,128,533 shares of the stock were exchanged, compared to its average volume of 4,587,368. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. The company's fifty day simple moving average is $54.46 and its 200-day simple moving average is $56.32. 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 announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $56.58.

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.