NewEdge Wealth LLC Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

NewEdge Wealth LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,801 shares of the utilities provider’s stock after acquiring an additional 4,502 shares during the period. NewEdge Wealth LLC’s holdings in Dominion Energy were worth $2,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pointe Capital Management LLC grew its stake in shares of Dominion Energy by 3.0% in the 4th quarter. Pointe Capital Management LLC now owns 8,700 shares of the utilities provider’s stock worth $469,000 after buying an additional 257 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Dominion Energy by 7.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 4,875 shares of the utilities provider’s stock worth $263,000 after buying an additional 337 shares in the last quarter. Bryn Mawr Capital Management LLC grew its stake in shares of Dominion Energy by 6.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 71,309 shares of the utilities provider’s stock worth $3,841,000 after buying an additional 4,411 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Dominion Energy by 7.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 5,865 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 404 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Dominion Energy by 26.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 189,457 shares of the utilities provider’s stock worth $10,204,000 after acquiring an additional 39,644 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.2 %

Shares of D opened at $56.60 on Friday. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a 50-day moving average of $54.94 and a 200 day moving average of $56.43. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.22 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 net margin of 16.22% and a return on equity of 8.99%. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Scotiabank raised their target price on shares of 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 assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price 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.