Dominion Energy, Inc. (NYSE:D) Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Dominion Energy, Inc. (NYSE:D) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,199 shares of the utilities provider’s stock after acquiring an additional 1,279 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Dominion Energy were worth $388,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC acquired a new stake in Dominion Energy during the third quarter valued at approximately $210,000. QRG Capital Management Inc. raised its stake in Dominion Energy by 57.7% during the third quarter. QRG Capital Management Inc. now owns 7,989 shares of the utilities provider’s stock valued at $462,000 after buying an additional 2,922 shares in the last quarter. Principal Financial Group Inc. raised its stake in Dominion Energy by 4.6% during the third quarter. Principal Financial Group Inc. now owns 951,763 shares of the utilities provider’s stock valued at $55,002,000 after buying an additional 41,746 shares in the last quarter. Stiles Financial Services Inc acquired a new stake in Dominion Energy during the third quarter valued at approximately $224,000. Finally, Capital Performance Advisors LLP acquired a new stake in Dominion Energy during the third quarter valued at approximately $88,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on D. Scotiabank upped 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. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Stock Performance

Shares of D stock opened at $55.21 on Friday. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The firm has a market capitalization of $47.04 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The business has a 50 day simple moving average of $55.05 and a 200 day simple moving average of $56.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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

Dominion Energy Announces Dividend

The company also recently declared 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 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.