Dominion Energy, Inc. (NYSE:D) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 606.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,002 shares of the utilities provider’s stock after acquiring an additional 2,577 shares during the period. SRS Capital Advisors Inc.’s holdings in Dominion Energy were worth $162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy during the fourth quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $54.15 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The firm’s fifty day moving average price is $55.03 and its 200 day moving average price is $56.43. Dominion Energy, Inc. has a 1-year low of $46.43 and a 1-year high of $61.97.

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 the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on D. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $57.00.

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.