CacheTech Inc. Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

CacheTech Inc. increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,166 shares of the utilities provider’s stock after purchasing an additional 2,353 shares during the quarter. CacheTech Inc.’s holdings in Dominion Energy were worth $655,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $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 valued at approximately $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on D shares. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Morgan Stanley upped their price objective 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, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Stock Performance

Dominion Energy stock opened at $54.10 on Tuesday. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $46.10 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm’s 50 day simple moving average is $54.74 and its 200 day simple moving average is $55.78.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate 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, 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. Investors of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend 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.