Choate Investment Advisors Acquires 198 Shares of Dominion Energy, Inc. (NYSE:D)

Choate Investment Advisors boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,880 shares of the utilities provider’s stock after purchasing an additional 198 shares during the quarter. Choate Investment Advisors’ holdings in Dominion Energy were worth $209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Natixis Advisors LLC grew its holdings in Dominion Energy by 14.7% during the 4th quarter. Natixis Advisors LLC now owns 1,157,389 shares of the utilities provider’s stock valued at $62,337,000 after buying an additional 148,102 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Dominion Energy by 3.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 17,289 shares of the utilities provider’s stock valued at $931,000 after buying an additional 601 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Dominion Energy during the 4th quarter valued at approximately $134,000. Hughes Financial Services LLC purchased a new position in Dominion Energy during the 4th quarter valued at approximately $444,000. Finally, Diamond Hill Capital Management Inc. grew its holdings in Dominion Energy by 5.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 4,504,329 shares of the utilities provider’s stock valued at $242,603,000 after buying an additional 231,059 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $54.75 on Tuesday. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $46.65 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.59. The stock has a 50 day moving average price of $55.14 and a 200 day moving average price of $56.34.

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, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company 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 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

D has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Finally, 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. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $57.18.

Dominion Energy Company 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.