Oak Harbor Wealth Partners LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Oak Harbor Wealth Partners LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,624 shares of the utilities provider’s stock after buying an additional 939 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Dominion Energy were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Howard Capital Management Group LLC purchased a new position in shares of Dominion Energy in the third quarter worth about $210,000. Farther Finance Advisors LLC increased its position in Dominion Energy by 16.3% during the third quarter. Farther Finance Advisors LLC now owns 5,995 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 841 shares during the last quarter. QRG Capital Management Inc. increased its position in Dominion Energy by 57.7% during the third quarter. QRG Capital Management Inc. now owns 7,989 shares of the utilities provider’s stock worth $462,000 after purchasing an additional 2,922 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Dominion Energy by 1.7% during the third quarter. Concurrent Investment Advisors LLC now owns 35,385 shares of the utilities provider’s stock worth $2,045,000 after purchasing an additional 603 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Dominion Energy by 4.6% during the third quarter. Principal Financial Group Inc. now owns 951,763 shares of the utilities provider’s stock worth $55,002,000 after purchasing an additional 41,746 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 2.8 %

NYSE D opened at $55.21 on Friday. The firm has a 50 day simple moving average of $55.05 and a 200-day simple moving average of $56.40. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. 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 4.84%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

D has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.00.

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.