Optimum Investment Advisors Grows Position in Dominion Energy, Inc. (NYSE:D)

Optimum Investment Advisors grew its holdings in Dominion Energy, Inc. (NYSE:D) by 557.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,700 shares of the utilities provider’s stock after buying an additional 3,137 shares during the period. Optimum Investment Advisors’ holdings in Dominion Energy were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after acquiring an additional 43,055 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. Barclays PLC grew its holdings in shares of 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 purchasing an additional 404,868 shares during the period. Czech National Bank increased its position in shares of Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after purchasing an additional 11,231 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after buying an additional 4,861 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Scotiabank lifted 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. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

Shares of NYSE D opened at $54.51 on Friday. The stock’s 50-day simple moving average is $55.19 and its 200-day simple moving average is $56.30. The firm has a market capitalization of $46.44 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. 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 (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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 research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.90%. Dominion Energy’s dividend payout ratio is presently 98.89%.

About Dominion Energy

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.