Evermay Wealth Management LLC Has $400,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Evermay Wealth Management LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 364.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,433 shares of the utilities provider’s stock after acquiring an additional 5,831 shares during the period. Evermay Wealth Management LLC’s holdings in Dominion Energy were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in D. Marshall Wace LLP purchased a new stake in shares of Dominion Energy in the second quarter worth about $1,651,000. AQR Capital Management LLC increased its position in shares of Dominion Energy by 201.9% in the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock valued at $1,654,000 after acquiring an additional 22,567 shares during the period. NewEdge Advisors LLC boosted its holdings in Dominion Energy by 31.5% in the second quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after acquiring an additional 12,999 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Dominion Energy by 12.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,538 shares of the utilities provider’s stock worth $418,000 after acquiring an additional 914 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Dominion Energy by 14.7% during the 2nd quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock valued at $252,000 after buying an additional 659 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D opened at $55.47 on Friday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.20 and a beta of 0.60. The company has a 50 day simple moving average of $54.96 and a two-hundred day simple moving average of $56.05.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.81%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

D has been the topic of several recent analyst reports. Scotiabank increased 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 report on Thursday, December 12th. 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. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley began 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. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.58.

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.