Simplicity Wealth LLC Acquires 1,712 Shares of Dominion Energy, Inc. (NYSE:D)

Simplicity Wealth LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,685 shares of the utilities provider’s stock after purchasing an additional 1,712 shares during the quarter. Simplicity Wealth LLC’s holdings in Dominion Energy were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department bought a new position in shares of Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the 4th quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth $32,000. Finally, Pillar Financial Advisors LLC bought a new position in shares of Dominion Energy during the 4th quarter worth $32,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. 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 for the company. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $57.00.

Dominion Energy Stock Performance

Shares of D opened at $56.43 on Tuesday. The stock’s 50-day simple moving average is $55.10 and its 200 day simple moving average is $56.40. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.73%. Dominion Energy’s payout ratio is currently 98.89%.

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.