Stephens Inc. AR Purchases 2,790 Shares of Dominion Energy, Inc. (NYSE:D)

Stephens Inc. AR boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,669 shares of the utilities provider’s stock after buying an additional 2,790 shares during the period. Stephens Inc. AR’s holdings in Dominion Energy were worth $4,883,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in Dominion Energy by 651.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,230 shares of the utilities provider’s stock valued at $187,000 after acquiring an additional 2,800 shares during the last quarter. City State Bank grew its holdings in shares of Dominion Energy by 92.9% during the 3rd quarter. City State Bank now owns 1,806 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 870 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Dominion Energy by 118.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,288 shares of the utilities provider’s stock worth $883,000 after purchasing an additional 8,287 shares in the last quarter. Thomasville National Bank lifted its stake in Dominion Energy by 1.2% in the 3rd quarter. Thomasville National Bank now owns 17,308 shares of the utilities provider’s stock valued at $1,000,000 after purchasing an additional 204 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in Dominion Energy in the third quarter valued at approximately $222,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 1.2 %

NYSE:D opened at $55.29 on Tuesday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm’s fifty day moving average is $54.51 and its 200-day moving average is $56.23. The firm has a market cap of $46.45 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.18 and a beta of 0.61.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 dividend on an annualized basis and a yield of 4.83%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.