Altman Advisors Inc. Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Altman Advisors Inc. lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,796 shares of the utilities provider’s stock after acquiring an additional 481 shares during the quarter. Altman Advisors Inc.’s holdings in Dominion Energy were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Dominion Energy by 19.8% during the third 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 in the last quarter. Czech National Bank lifted its holdings in Dominion Energy by 6.6% in the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock worth $9,810,000 after buying an additional 11,231 shares in the last quarter. HB Wealth Management LLC boosted its position in Dominion Energy by 15.6% in the 4th 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. Pacer Advisors Inc. grew its stake in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after acquiring an additional 7,632 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $1,027,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE:D opened at $52.67 on Friday. The company has a market cap of $44.89 billion, a PE ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The firm has a 50-day simple moving average of $54.74 and a 200 day simple moving average of $55.81. 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 (NYSE:D) last announced its quarterly earnings results 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 return on equity of 8.99% and a net margin of 16.22%. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $57.00.

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.