Plan Group Financial LLC Purchases 1,249 Shares of Dominion Energy, Inc. (NYSE:D)

Plan Group Financial LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,049 shares of the utilities provider’s stock after acquiring an additional 1,249 shares during the quarter. Plan Group Financial LLC’s holdings in Dominion Energy were worth $864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of D. Bank of Jackson Hole Trust bought a new stake in shares of Dominion Energy during the fourth quarter worth $59,000. Atria Wealth Solutions Inc. grew its stake in shares of Dominion Energy by 9.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,579 shares of the utilities provider’s stock worth $2,778,000 after purchasing an additional 4,476 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Dominion Energy by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,742 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 641 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Dominion Energy by 3.3% in the fourth quarter. D.A. Davidson & CO. now owns 57,451 shares of the utilities provider’s stock worth $3,094,000 after purchasing an additional 1,825 shares during the period. Finally, Empower Advisory Group LLC grew its stake in Dominion Energy by 0.8% in the fourth quarter. Empower Advisory Group LLC now owns 254,857 shares of the utilities provider’s stock valued at $13,727,000 after acquiring an additional 2,047 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on D. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank boosted their target price on 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.59 on Wednesday. The company has a 50 day moving average of $54.43 and a 200-day moving average of $56.33. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $46.70 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D) 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%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared 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. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.