Dominion Energy, Inc. (NYSE:D) Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,945 shares of the utilities provider’s stock after purchasing an additional 5,932 shares during the quarter. Greystone Financial Group LLC’s holdings in Dominion Energy were worth $6,191,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the third quarter worth approximately $32,000. Dunhill Financial LLC increased its holdings in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on D shares. Scotiabank lifted 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. 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 price target for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

Shares of D opened at $57.38 on Friday. The business’s 50-day moving average is $54.58 and its 200-day moving average is $56.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio is 98.89%.

Dominion Energy Profile

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.