Meridian Wealth Management LLC Grows Stake in Dominion Energy, Inc. (NYSE:D)

Meridian Wealth Management LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 92.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,860 shares of the utilities provider’s stock after acquiring an additional 5,687 shares during the period. Meridian Wealth Management LLC’s holdings in Dominion Energy were worth $639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. grew its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on D. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $54.42 on Wednesday. The company has a 50 day moving average price of $55.02 and a 200-day moving average price of $56.45. 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 fifty-two week low of $45.99 and a fifty-two week high of $61.97. The company has a market capitalization of $46.37 billion, a PE ratio of 20.15, a P/E/G ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.