RiverFront Investment Group LLC Has $532,000 Stake in Dominion Energy, Inc. (NYSE:D)

RiverFront Investment Group LLC raised its position in Dominion Energy, Inc. (NYSE:D) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,881 shares of the utilities provider’s stock after acquiring an additional 1,137 shares during the quarter. RiverFront Investment Group LLC’s holdings in Dominion Energy were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of D. Cape Investment Advisory Inc. raised 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 acquiring an additional 300 shares during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter valued at about $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after buying an additional 260 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on D shares. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Thirteen research 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 has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $54.98 on Friday. 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 $46.62 and a 52 week high of $61.97. The stock has a market capitalization of $46.85 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The stock has a fifty day moving average of $55.17 and a 200-day moving average of $56.18.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s 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.