Dominion Energy, Inc. (NYSE:D) Position Boosted by David J Yvars Group

David J Yvars Group increased its holdings in Dominion Energy, Inc. (NYSE:D) by 11.8% during the fourth quarter, Holdings Channel reports. The firm owned 4,295 shares of the utilities provider’s stock after purchasing an additional 452 shares during the period. David J Yvars Group’s holdings in Dominion Energy were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Global Financial Private Client LLC increased its holdings in shares of Dominion Energy by 37.6% in the fourth quarter. Global Financial Private Client LLC now owns 17,093 shares of the utilities provider’s stock valued at $921,000 after buying an additional 4,672 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $48,000. Elevated Capital Advisors LLC lifted its holdings in shares of Dominion Energy by 16.3% during the fourth quarter. Elevated Capital Advisors LLC now owns 17,634 shares of the utilities provider’s stock valued at $950,000 after purchasing an additional 2,466 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Dominion Energy by 8.0% in the 4th quarter. Wedmont Private Capital now owns 6,207 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 461 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in shares of Dominion Energy by 8.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 6,222 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 500 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented 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. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. 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. Finally, Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of D opened at $53.41 on Tuesday. 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 cap of $44.86 billion, a PE ratio of 18.74, a PEG ratio of 1.44 and a beta of 0.60. The firm’s 50 day moving average price is $55.74 and its 200 day moving average price is $55.65. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 5.00%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.