Sequoia Financial Advisors LLC Acquires 1,144 Shares of Dominion Energy, Inc. (NYSE:D)

Sequoia Financial Advisors LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,429 shares of the utilities provider’s stock after buying an additional 1,144 shares during the period. Sequoia Financial Advisors LLC’s holdings in Dominion Energy were worth $1,046,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its position in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after buying an additional 43,055 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares during the period. Barclays PLC grew its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares during the last quarter. Finally, Czech National Bank increased its position in Dominion Energy by 6.6% in the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after acquiring an additional 11,231 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $54.64 on Friday. The firm has a 50 day moving average of $55.12 and a 200-day moving average of $56.35. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results 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%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.18.

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.