Meridian Financial Partners LLC Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Meridian Financial Partners LLC grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,970 shares of the utilities provider’s stock after purchasing an additional 219 shares during the quarter. Meridian Financial Partners LLC’s holdings in Dominion Energy were worth $752,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in D. Thurston Springer Miller Herd & Titak Inc. boosted its position in Dominion Energy by 273.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,753 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 1,284 shares during the period. San Luis Wealth Advisors LLC boosted its position in shares of Dominion Energy by 17.7% in the fourth quarter. San Luis Wealth Advisors LLC now owns 14,644 shares of the utilities provider’s stock worth $789,000 after buying an additional 2,206 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Dominion Energy by 8.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 43,274 shares of the utilities provider’s stock valued at $2,331,000 after buying an additional 3,388 shares in the last quarter. Sovereign Financial Group Inc. raised its holdings in shares of Dominion Energy by 3.7% during the 4th quarter. Sovereign Financial Group Inc. now owns 16,506 shares of the utilities provider’s stock valued at $889,000 after buying an additional 594 shares during the period. Finally, David J Yvars Group lifted its position in Dominion Energy by 11.8% during the 4th quarter. David J Yvars Group now owns 4,295 shares of the utilities provider’s stock worth $231,000 after acquiring an additional 452 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

D opened at $53.77 on Wednesday. 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 company’s 50-day moving average price is $55.64 and its 200 day moving average price is $55.68. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm has a market cap of $45.17 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.97%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.