Spectrum Wealth Advisory Group LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Spectrum Wealth Advisory Group LLC bought a new position in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,548 shares of the utilities provider’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. J.W. Cole Advisors Inc. boosted its holdings in shares of Dominion Energy by 2.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 11,630 shares of the utilities provider’s stock valued at $626,000 after acquiring an additional 257 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Dominion Energy by 145.2% during the fourth quarter. Valmark Advisers Inc. now owns 23,175 shares of the utilities provider’s stock valued at $1,248,000 after purchasing an additional 13,724 shares during the last quarter. Allworth Financial LP lifted its stake in Dominion Energy by 11.7% during the fourth quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider’s stock valued at $1,124,000 after purchasing an additional 2,226 shares during the last quarter. Principal Securities Inc. lifted its stake in Dominion Energy by 3.9% during the fourth quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock valued at $851,000 after purchasing an additional 590 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its stake in Dominion Energy by 11.7% during the fourth quarter. WASHINGTON TRUST Co now owns 2,861 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 299 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

D has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Scotiabank increased their target price 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Down 2.0 %

Dominion Energy stock opened at $55.58 on Friday. The firm has a market cap of $46.68 billion, a PE ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. 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’s 50 day moving average price is $54.42 and its two-hundred day moving average price is $56.29. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.