Metis Global Partners LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Metis Global Partners LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,549 shares of the utilities provider’s stock after purchasing an additional 5,853 shares during the period. Metis Global Partners LLC’s holdings in Dominion Energy were worth $4,015,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the fourth quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the third quarter worth about $32,000. Finally, Dunhill Financial LLC grew its holdings in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Dominion Energy stock opened at $56.60 on Friday. 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, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The stock’s 50-day moving average is $54.94 and its 200-day moving average is $56.44.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.